Kress and S Corp Valuations: Be a Little Cautious

Business Valuation UpdateVol. 25 No. 6
June 2019
Daniel R. Van Vleet, ASA
S corps
S corp valuation, tax affecting, s corporation

Summary

Details have emerged about the methodology the government’s valuation expert used in the Kress gift tax case. The case is important because both sides tax affected the earnings of the subject S corp, which is contrary to the position the IRS and the Tax Court have taken in the past.