By David Laro
Praise for Business Valuation and Federal Taxes strategy, legislations, and Perspective moment Edition
"The Honorable David Laro and Dr. Shannon Pratt current a accomplished primer on federal tax valuation controversies that would profit either tax practitioners (attorneys and CPAs) and valuation practitioners. . . . It serves as a valued reference resource and an introductory textual content for felony and valuation training."
—Roger J. Grabowski, Duff & Phelps Corp. from the Foreword
"[I]t is fresh to determine those shut observers of valuation matters collaborate in this exciting quantity. What the reader will get is whatever like a mural—depicting the lifetime of a enterprise appraisal from perception to coaching to the occasional final use by means of a trier of fact."
—Ronald D. Aucutt, Esq.McGuireWoods LLP, from the Foreword
"This delivering from pass judgement on David Laro and Dr. Shannon Pratt fills in a few continual gaps within the enterprise valuation literature, in addition to an incredibly clean remedy of perennial themes."
—John A. Bogdanski, Professor of LawLewis & Clark legislation college, from the Foreword
Straightforward information and viewpoint on company valuation from of the nation's best authorities
Written by means of Senior pass judgement on David Laro and Shannon Pratt, either top specialists at the topic, Business Valuation and Federal Taxes, moment variation offers a complete review of commercial valuation procedures.
The new version offers:
Insightful views of private as opposed to firm goodwill
New fabrics on move pricing and customs valuations and the way contemporary markets have affected either the source of revenue and marketplace approaches
Timely insurance of FAS 157 and its many adjustments to consequences and sanctions affecting either taxpayers and appraisers
Exploration of latest courtroom cases
Presenting wisdom and suggestions to people who practice valuations in addition to those people who are suffering from them, Business Valuation and Federal Taxes, moment variation is the fundamental consultant to federal taxes and valuation, and in particular valuations on the subject of enterprise interests.
Read Online or Download Business valuation and federal taxes : procedure, law, and perspective PDF
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Extra info for Business valuation and federal taxes : procedure, law, and perspective
Although there are various definitions of value, the exclusive definition for federal tax purposes is found in the term fair market value. For other purposes, other standards of value include fair value, investment value, intrinsic value, and transaction value. S. Department of the Treasury (the ‘‘Treasury’’) and involves a consideration of all relevant factors to determine value. It assumes an arms-length transaction between a willing buyer and willing seller, who are not under any compulsion to buy or sell.
At the request of the American Bar Association and the Central Eastern European Law Initiative, Judge Laro contributed written comments on the Draft Laws of Ukraine, Kazakhstan, Uzbekistan, Slovenia, and the Republic of Macedonia, and on the creation of specialized courts in eastern Europe. As a consultant for the Harvard Institute for International Development and Georgia State University, Judge Laro lectured in Moscow to Russian judges on tax reform and litigation procedures. Judge Laro has also lectured to judges and tax officials in Azerbaijan on tax reform.
Memo. M. (CCH) 373 (1989). 20 Estate of Trenchard v. C. Memo. M. ’’ 19 C01 01/27/2011 14:56:31 Page 12 STANDARDS OF BUSINESS VALUATION 12 Suppose that a person owns stock in a closely held corporation. Based on the assertions of the corporation’s chief financial officer and a two-year-old appraisal of the business performed by a reputable, independent business valuer, the owner believes the corporation is worth $30 per share. On that basis, she makes gifts of the stock and files gift tax returns.