John T. & Linda L. Hewitt (Hewitt I) v. CIR
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock. The stock was closely held and thinly traded through the company. The taxpayer failed to c ...
Qualified Appraisal Required to Substantiate Value of Charitable Donation
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock.
More Court Cases ... Bankruptcy: Makula
On his Chapter 7 bankruptcy petition, John Makula valued his 67 partnership units in Thomas Havey & Co., an Illinois accounting partnership, at a total of $67,000.
Makula v. Sanwa Business Credit Corp.
At issue is the admittance of expert testimony.
Meyer v. Lofgren
The valuation issue is whether goodwill should be considered in valuing an accounting partnership.
Meyer v. Lofgren
At issue is the whether goodwill should be included in the fair value of a CPA partnership.
Appellate court upholds no CPA practice goodwill
Wife's expert, Patricia Piteo of Cohen & Co., valued husband's 80% partnership interest in Flauto and Kitelinger, CPAs, at $214,700 by considering assets such as accounts receivable, unbilled work in progress, and goodwill.
Flauto v. Flauto
At issue is the valuation of husband's accounting business.
Goodwill not marital asset unless embodied in practice
The trial court assigned a value for goodwill to husband's accounting practice, Husband appeals. The Court stated: "Under Florida law, the goodwill of professional practice can be a m ...
Williams v. Williams
At issue is whether the trial court erred in assigning a value for goodwill to the husband's accounting practice.
Court Affirms Goodwill in Account Practice
The issue is the value of husband's interest in Coopers & Lybrand. Husband appeals a trial court valuation of $454,400. The Appellate Court stated, "The Trial Court properly rejected his ...
Rice v. Rice
At issue is the valuation of the husband's partnership interest.