Biton v. Kreinis
In dispute over fair value of plaintiff’s shares, court agrees with parties’ experts on use of capitalization of earnings method to value company; court rejects defense expert’s use of QuickBooks data and post-valuation-date revenue as representative annual revenue; applies key-person discount.
In Fair Value Determination, Court Says SSVS Discourages Use of Post-Valuation-Date Data
In dispute over fair value of plaintiff’s shares, court agrees with parties’ experts on use of capitalization of earnings method to value company; court rejects defense expert’s use of QuickBooks data and post-valuation-date revenue as representative annual revenue; applies key-person discount.
Deane Krakower v. Tami Krakower
The Florida Court of Appeals, Fourth District affirmed the valuation of a cosmetics corporation. The valuation was performed using a capitalization of income approach. Under this approach the court adopted a salary figure for the operating spouse substant ...
Use of Salary Figure Greater Than Actually Received by Owner Spouse Accepted
The Florida Court of Appeals, Fourth District affirmed the valuation of a cosmetics corporation.
Thompson, C. v. Commissioner (I)
The Tax Court determined whether noncompete agreements executed in connection with the sale of a beauty supply business had economic reality. The court accepted the testimony of the taxpayer's expert who valued the business using the discounted cash flow ...
Thompson, C v. Commissioner (II)
Case name: Thompson v. Commissioner Citation: 1997 Tax Ct. Memo LEXIS 341 At issue is whether State Supply may amortize $ 2.5 million, or some lesser amount, for covenants not to compete.
Hickum v. Hickum
Issues include the proper valuation date and the valuation to be assigned to wife's cosmetics business.