The ‘Real’ S Corp Debate: Impact of Embedded Tax Rates from Public Markets

Business Valuation UpdateVol. 14 No. 3
March 2008
Nancy J. Fannon, CPA, ASA, MCBA


It has been eight years since Gross v. Commissioner thrust tax-affecting into the collective consciousness of the business appraisal community. In that decision (affirmed by the Sixth Circuit in 2001), the U.S. Tax Court declined to allow an income tax d ...