Major Court Decisions and Tax Sunset Provisions: New and Noteworthy Developments in the Valuation of S Corporations

BVResearch Pro
Training Event Transcripts
March 26, 2024
Daniel R. Van Vleet, ASA
William P. McInerney, ASA
S corps
tax affecting, limited liability company, valuation methodology, s corporation, pass-through entity, Tax Cuts and Jobs Act

Summary

The vast majority of U.S businesses are pass-through entities (S corporations, LLCs, and partnerships). The debate over how to value them has raged in the courts and academia for decades, and understanding how to do so is important to all valuation professionals. Recent cases such as the Estate of Cecil have demonstrated that the IRS and the Tax Court will accept tax affecting only when correctly applied and supported.
New and Noteworthy Developments in the Valuation of S Corporations
PDF, Size: 3,166 KB