Featuring George Hawkins as Moderator, Nancy Fannon, Michael Paschall, and Dan Van Vleet
Telephone Dial-In Audio Conference
Thursday, June 8, 2006
10:00am-11:40am PDT/11:00am-12:40pm MDT/12:00pm-1:40pm CDT/1:00pm-2:40pm EDT
Presented by Business Valuation Resources, LLC
Earn TWO INTERACTIVE CPE credits for participating in this conference
PRICE: $249.00 for a single dial-in connection.
Use your conference room and the whole office can listen in. Two CPE credits
are available for each additional listener sharing the same phone connection
- only $49.00 per person.
Register for conference for $249
Register for conference and CD for $339
Register for conference and Transcript for $339
Register for conference, CD, and Transcript for $429
Why should you attend?
Tax-affecting S Corp earnings continues to be one of the most challenged (and challenging) business valuation issues. In the wake of the Gross case and its progeny ( Heck and Adams ), questions still abound. Should S Corps earnings be tax-affected for valuation purposes? How do you protect your clients from the type of IRS questioning that can ensue? And do S Corps really have an inherent value higher than that of C Corps?
We've assembled a stellar panel of experts—perhaps the leading authorities on tax-affecting issues—to answer these questions, as well as provide updates on S Corp valuations in the courts, and more.
You will not want to miss this important session! Earn two interactive CPE credits for participating.
Learning
Objectives:
- Learn if S Corps earnings should be tax-affected for valuation purposes
- Learn how tax-affecting impacts the value of S and C corporations
- Learn under what circumstances S corporation earnings should be tax-affected
- Learn how to protect your clients from the type of IRS questioning that can ensue
Program
Outline:
- Should S Corps earnings be tax-affected for valuation purposes?
- How does tax-affecting impact the value of S and C corporations?
- How do you protect your clients from the type of IRS questioning that can ensue?
- S Corps really have an inherent value higher than that of C Corps?
- Under what circumstances should S corporation earnings be tax-affected?
- What are the differences between tax-affecting earnings for controlling interests or minority interests?
Featured
Panel:
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George Hawkins, ASA, CFA
George Hawkins is the President, a Managing Director and Founder of the firm. Hawkins is an Accredited Senior Appraiser (ASA) in business valuation of the American Society of Appraisers, and is a Chartered Financial Analyst (CFA) . Prior to founding Banister Financial, Mr. Hawkins served in corporate lending, risk management, and credit analysis positions with Bank of America (formerly NationsBank) and First Citizens Bank. Hawkins obtained a B.A. in Economics from the University of North Carolina at Chapel Hill and a MBA from Wake Forest University .
Hawkins is a frequent speaker to leading national conferences on valuation issues in the areas of estate planning, family law, and other subjects, including the National Business Valuation Conference of the American Society of Appraisers (ASA), the National Business Valuation Conference of the American Institute of Certified Public Accountants (AICPA), the Judicial Section of the American Bar Association, national conferences of the American Bar Association-American Law Institute, the National Trust Real Estate Association, and is a guest lecturer at the Wake Forest University School of Law. Hawkins also routinely addresses local, regional and statewide sections of various Bar Associations throughout the country, as well as other groups and institutions.
Hawkins is co-author (along with Michael Paschall of Banister Financial) of the CCH Business Valuation Guide . Published by CCH, Incorporated, one of the world's largest legal, tax and accounting publishers, this leading business valuation book is approximately 1,500 pages and is now in its seventh edition. Hawkins also serves as co-editor (with Michael Paschall) of CCH Business Valuation Alert , a national business valuation newsletter published quarterly. Hawkins has published numerous articles in leading business valuation journals, legal and other publications on a wide variety of valuation issues.
Hawkins is a qualified expert witness in business valuation in U.S. Tax Court, various state courts, the North Carolina Business Court, U.S. Bankruptcy Court, and in arbitration hearings on issues including estates and gifts, divorce, dissenting shareholder litigation, business damages, and bankruptcy. Also, Hawkins has been appointed numerous times as an independent valuator by the courts in disputes and is routinely engaged jointly by opposing parties in valuation disputes. In addition, Hawkins has appeared before the Internal Revenue Service on taxation-related valuation issues, and has been retained by the United States Justice Department to value business interests in estate tax matters. Hawkins has also served as a special technical advisor to a United States Federal Magistrate on valuation issues.
Hawkins is an elected member of the Business Valuation Committee of the American Society of Appraisers (ASA), the governing body of the ASA's business valuation discipline. He is head of the International Board of Examiners (Business Valuation Section) of the ASA, which approves candidates for accreditation by reviewing submitted business valuation reports for technical competency. Since 1994, Hawkins has also previously served as an Advisor and as an Examiner to the Board, and in 2001 was named the Examiner of the Year. |
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Nancy Fannon, ASA,
CPA, ABV, MCBA
Nancy has specialized in business valuation and litigation support work over the course of the last 18 years. She is frequently retained to provide expert witness services relating to the value of a business; an opinion on the amount of financial damages relating to lost profits or the loss of a business or segment of a business; and other financial matters. She is often appointed by a court or mediator as a court-appointed expert, and has served as an arbitrator in valuation cases.
Nancy is a frequent speaker both locally and nationally on the topic of business valuation and damages. She is a regular contributing author for several national valuation journals, has participated in writing valuation textbooks, and has been a technical reviewer on several others.
She attended the University of Massachusetts-Amherst, where she earned her Bachelor of Science, Business Administration - Accounting. She is a Certified Public Accountant, a Master Certified Business Appraiser as designated by the Institute of Business Appraisers, a Certified Public Accountant* Accredited in Business Valuation ("ABV"), and a Business Valuator Accredited in Litigation as designated by the Institute of Business Appraisers.
Nancy is a past member of the American Institute of Certified Public Accountant's Business Valuation Committee, and currently serves on the Credential Committee for the ABV certification. She served as the Chair of the AICPA 2001 Business Valuation Conference and participated as a committee member for the 2000 and 2003 conferences. She is currently a member of the FASB Purchase Price Method/Business Combination Task Force.
She was Chair of the Accredited in Business Valuation Review Course Committee and an Instructor for several years, as well as participated on the AICPA Advanced Business Valuation Studies Committee. In addition, she currently sits on the Editorial Board of the "CPA Expert." She is a member of the American Institute of Certified Public Accountants and the Institute of Business Appraisers.
Nancy was awarded the Tribute to Women in Industry Award in 1997, an award that recognizes women who have made significant contributions to both the business and local communities. She was also awarded the AICPA's Business Valuation "Volunteer of the Year" Award in 1999.
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Michael Paschall, ASA, CFA, JD
Michael Paschall, ASA, CFA, JD, is a Managing Director of Banister Financial, Inc., a Charlotte , NC , business valuation firm. Paschall is an Accredited Senior Appraiser (ASA) in business valuation with the American Society of Appraisers and is a Chartered Financial Analyst (CFA). Paschall earned his undergraduate degree in English and economics from the University of North Carolina at Chapel Hill and his J.D. from the Wake Forest University School of Law.
Paschall is co-author of the CCH Business Valuation Guide (seventh edition, 2005) , co-editor of the quarterly CCH Business Valuation Alert , co-editor of Fair Value , and has written articles for a wide variety of publications, including such national publications as the American Journal of Family Law , Business Valuation Digest , Business Valuation Review , Judges & Lawyers Business Valuation Update , Shannon Pratt's Business Valuation Update , The Valuation Compilation , and Valuation Strategies , as well as Family Forum and The Will and the Way , publications of the North Carolina Bar Association.
Paschall has spoken on various business valuation topics to a number of different groups including the Advanced Business Valuation Conference of the American Society of Appraisers, the National Business Valuation Conference of the American Institute of Certified Public Accountants (AICPA), the National Trust Closely Held Business Association, and the American Academy of Matrimonial Lawyers. Paschall has also spoken at numerous continuing legal education seminars sponsored by the North Carolina Bar Association and is a regular lecturer in the Law and Valuation course offered by the Law and MBA Schools at Wake Forest University .
Paschall is one of four Advisors nationwide to the American Society of Appraisers International Board of Examiners (Business Valuation Section). Paschall has been qualified as an expert witness in business valuation in various state court, binding arbitration, and mediation proceedings and has been retained on business valuation matters by the United States Department of Justice. |
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Dan R. Van Vleet, ASA, CBA
Daniel R. Van Vleet is a managing director in the Private Business Advisory Services group of Duff & Phelps, LLC. He earned his Master of Business Administration in finance from the University of Chicago . He is a member of the Business Valuation Committee of the American Society of Appraisers where serves as co-chairman of the business valuation standards subcommittee. He has served as the president of the Chicago Chapter of the American Society of Appraisers and as adjunct professor of finance—teaching business valuation—at the graduate school of business at DePaul University . He is a contributing author to the following business valuation textbooks: Financial Valuation: Businesses and Business Interests; Valuing Small Businesses and Professional Practice s; Business Valuation Discounts and Premiums; The Handbook of Business Valuation and Intellectual Property Analysis; Business Valuation & Taxes: Procedure, Law & Perspective, and Financial Valuation Applications and Models. He has published articles in a variety of national publications and is a frequent speaker and lecturer on advanced business valuation concepts. He has provided expert witness testimony in both state and federal courtrooms. His practice includes business valuations, financial advisory services and economic analysis for litigation, taxation and transaction purposes.
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CPE Credit Information:
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Earn
2 Interactive CPE Credits (Consulting Services)
Business Valuation Resources, LLC is registered with the National Association
of State Boards of Accountancy (NASBA) as a sponsor of continuing professional
education on the National Registry of CPE Sponsors. State boards of accountancy
have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be addressed to the National
Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,
TN 37219-2417. www.nasba.org
NASBA Sponsor
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Please note: To receive CPE credit, you must fill out the post conference survey.
The survey link is e-mailed to participants along with the dial-in number and
registration code, normally sent two or more days prior to the conference. CPE
credit only registrants will be sent the survey link via e-mail.
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on this telephone conference or our past telephone conferences, please email
customerservice@bvresources.com
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not completely satisfied, you may submit a written request within 30 days of
the date of this program to receive a full refund. Please e-mail our accounting
manager at: pamp@bvresources.com
. There are no fees associated with refunds.