Mark your calendar for June 27! CMS talks Stark FMV
Next week, you will have a rare chance to hear directly from a regulator, a Centers for Medicare & Medicaid Services (CMS) official, who will discuss the new definitions of fair market value (FMV) under the updated regulations for the Stark Law (the federal physician self-referral law) on a free June 27 podcast.
Pemberton v. Pemberton
In this complex Minnesota divorce case, the appellate court was taxed with multiple issues to decide. Among those issues was the value of the two businesses the husband owned in whole or part. The district court determined values based on the wife’s expert’s valuation report. The husband’s expert was not engaged to give a valuation opinion. The appellate court did not take the husband’s expert’s criticisms and comment on value into account. The appellate court also found no error in the district court dividing the combined 2020 tax liabilities for the parties in two and allocating half to each party, nor in its decision not to allocate the husband’s excess tax paid as a result of filing separately in 2018 and 2019.
Appellate Court Affirms Value of Businesses and Tax Liability Issue
In this complex Minnesota divorce case, the appellate court was taxed with multiple issues to decide. Among those issues was the value of the two businesses the husband owned in whole or part. The district court determined values based on the wife’s expert’s valuation report. The husband’s expert was not engaged to give a valuation opinion. The appellate court did not take the husband’s expert’s criticisms and comment on value into account. The appellate court also found no error in the district court dividing the combined 2020 tax liabilities for the parties in two and allocating half to each party, nor in its decision not to allocate the husband’s excess tax paid as a result of filing separately in 2018 and 2019.
CMS talks Stark FMV June 27
In a rare chance to hear directly from a regulator, a Centers for Medicare & Medicaid Services (CMS) official will discuss the new definitions of fair market value (FMV) under the updated regulations for the Stark Law (the federal physician self-referral law) on a free June 27 podcast.
In re Marriage of Marasco
This case was an appeal of an Iowa marital dissolution decree. The husband on appeal argued the value the wife’s expert determined was too high and should not have been relied on. The appellate court noted that part of the reason the trial court used the wife’s expert’s appraisal was that the business was able to obtain a $10 million loan during the time of the valuation. Additionally, the appellate court affirmed that the entire value of the business was community property.
Iowa Court of Appeals Affirms Value of Husband’s Business Determined by Wife’s Expert and Includes Total Value as Marital Property
This case was an appeal of an Iowa marital dissolution decree. The husband on appeal argued the value the wife’s expert determined was too high and should not have been relied on. The appellate court noted that part of the reason the trial court used the wife’s expert’s appraisal was that the business was able to obtain a $10 million loan during the time of the valuation. Additionally, the appellate court affirmed that the entire value of the business was community property.
Kick-Starting a CPT Revenue Analysis for a Physician Practice
An example of how to get started on a Current Procedural Terminology (CPT) revenue analysis for an orthopaedic practice, including detailed background data on this type of practice.
It’s About Time: Webb on Fractional Interests in Real Estate
After more than 25 years of valuing nonmarketable interests in real estate, Dennis Webb (Primus Valuations) says that the single most important thing in this type of valuation is “time.”
BV News and Trends May 2023
A monthly roundup of key developments of interest to business valuation experts.
Notable takeaways from the NYSSCPA BV conference
BVWire attended last week’s annual New York State Society of CPAs’ Business Valuation and Litigation Services Conference, and—as usual—some very interesting and useful information was presented.
Important podcast: CMS talks Stark FMV
BVWire has learned that a CMS official will discuss the new definitions of fair market value under the updated regulations for the Stark Law (the federal physician self-referral law) on an upcoming podcast.
Healthcare Valuation: Marquee Topics 2023
The healthcare industry is a different place than it was even just three years ago. The combined result of the COVID-19 pandemic, regulatory changes, and reimbursement shifts have transformed the landscape for all healthcare industry stakeholders. This presentation will provide an overview of what we anticipate to be the most important topics of 2023 (from investing in behavioral health to increasing private equity and venture capital involvement) and their associated implication for healthcare valuation.
ES NPA Holding, LLC v. Comm’r
The Tax Court ruled that the class C units were a profits interest because, when applying the fair market value of the LLC at the time of receipt, the partner would not receive any proceeds from a liquidation at that time. Any proceeds in excess of fair market value would be speculative. No accuracy penalty was appropriate either.
On Liquidation Tax Matters, Partner Would Not Receive Any Proceeds, Interest Received Would Be Nontaxable Profits Interest
The Tax Court ruled that the class C units were a profits interest because, when applying the fair market value of the LLC at the time of receipt, the partner would not receive any proceeds from a liquidation at that time. Any proceeds in excess of fair market value would be speculative. No accuracy penalty was appropriate either.
BVU News and Trends April 2023
A monthly roundup of key developments of interest to business valuation experts.
Ethical Issues in Business Valuation
Do you know what ethics issues might arise when complying with business valuation and forensic standards? Do you know what all of the business valuation and forensic standards are? Do you know what ethics standards apply to each of those standards? Recently, a number of ethics questions have arisen relating to the application of business valuation and forensic standards. Many relate to conflicts of interest and independence issues. In this webinar, we will cover the ...
Dietrich reveals tips ‘only a retired expert would share’
Nationally known healthcare valuation expert Mark Dietrich recently retired from active practice—but he is very active in sharing the knowledge he amassed over 45 years in the field.
Dietrich talks tomorrow about valuing medical specialty practices
Having just finished writing his new book, Engagement Guide to Understanding and Valuing Medical Practice Specialties, Mark Dietrich will share his insights over a 45-year career in the healthcare arena during a webinar tomorrow, April 20 (10 a.m.-11:40 a.m. PT, 1 p.m.-2:40 p.m. ET).
Webinar tomorrow on USPAP fifth exposure draft
The Appraisal Foundation’s Appraisal Standards Board (ASB) will host a free webinar to discuss the fifth exposure draft of USPAP tomorrow, April 13, at 1:00 p.m. ET.
Big IRS red flag in fractional interest valuations
A discussion of who the partners are and what they are likely to do in the future is an essential part of a valuation of a fractional interest in real estate, advises Dennis Webb (Primus Valuations).
Fifth exposure draft of USPAP released
Based on feedback to the fourth exposure draft of USPAP, a fifth exposure draft has been issued and is available if you click here.
BV News and Trends March 2023
A monthly roundup of key developments of interest to business valuation experts.
Healthcare compensation pros conference April 26-28
The National Provider Compensation Conference will be held in Nashville April 26-28.
Free e-book: home care medical director compensation
Based on national market data from several independent third-party surveys, the median hourly rate for home care and hospice medical direction ranges from $115 to $150, according to a free e-book from Buckhead FMV.
Dietrich reveals his trade secrets of healthcare valuations
Recently retired, nationally known healthcare valuation expert Mark Dietrich is devoting his time to passing on what he learned over his 45 years in the healthcare arena. Dietrich is putting the finishing touches to his new Engagement Guide to Understanding and Valuing Medical Practice Specialties, which will soon be released by BVR.