Electric Motor Repair
This industry comprises establishments primarily engaged in the repair and maintenance of commercial and industrial machinery and equipment. Establishments in this industry either sharpen/install commercial and industrial machinery blades and saws or provide welding (e.g., automotive, general) repair services; or repair agricultural and other heavy and industrial machinery and equipment (e.g., forklifts and other materials handling equipment, machine tools, commercial refrigeration equipment, construction equipment, and mining machinery).
Heavy Equipment Repair and Maintenance
This industry comprises establishments primarily engaged in the repair and maintenance of commercial and industrial machinery and equipment. Establishments in this industry either sharpen/install commercial and industrial machinery blades and saws or provide welding (e.g., automotive, general) repair services; or repair agricultural and other heavy and industrial machinery and equipment (e.g., forklifts and other materials handling equipment, machine tools, commercial refrigeration equipment, construction equipment, and mining machinery).
Bohac v. Benes Serv. Co.
The Nebraska District Court in this case applied discounts to its determination of fair value (FV). The Supreme Court found that the district court did not use the correct definition of fair value, resulting in discounts being applied to the estate’s shares. The Supreme Court also found that the proper premise of value was going concern and the proper methodology for value was the asset approach. The Supreme Court also allowed as a liability the deferred tax on potential future sale of assets by the corporation.
The Nebraska District Court Is Reversed in Its Determination of Fair Value
The Nebraska District Court in this case applied discounts to its determination of fair value (FV). The Supreme Court found that the district court did not use the correct definition of fair value, resulting in discounts being applied to the estate’s shares. The Supreme Court also found that the proper premise of value was going concern and the proper methodology for value was the asset approach. The Supreme Court also allowed as a liability the deferred tax on potential future sale of assets by the corporation.
Daniel J. Kusterer v. Lorrie A. Kusterer
The Florida Court of Appeal, First District reversed and remanded a trial court’s determination of a shareholder-spouse’s income for support purposes because it included the full amount of income passed-through to the shareholder rather than the amount th ...
Pass-Through Income Should Be Analyzed for Payer Spouse’s Income Determination
The Florida Court of Appeal, First District reversed and remanded a trial court’s determination of a shareholder-spouse’s income for support purposes because it included the full amount of income passed-through to the shareholder.
Shareholder agreement restrictions support 30% marketability discounts
The wife appealed a judgment from the trial court that valued husband's minority interest in a closely held corporation in a dissolution of marriage. Wife challenged the trial court's qualif ...
Cerretani v. Cerretani
Wife challenged the trial court's qualification of husband's witness as an expert witness and discounting husband's interest by 30%.
Goodwill Value Excluded in Butch's Welding Shop
In a divorce action, husband argues that the trial court's valuation of the husband's business, Butch's Welding and Repair Shop (Butch's), was improperly high. Husband's expert, Ro ...
Utter v. Utter
At issue is the valuation of husband's welding and repair shop.
In re Marriage of Hunter
One issue in this case was the valuation of Husband's welding business.
Elliotts, Inc. v. Commissioner
Issue is whether part of the compensation paid Taxpayer's chief executive and sole shareholder constituted a dividend distribution and thus was not deductible under section 162(a)(1).