Expand the following panels for additional search options.

BV News and Trends October 2021

A monthly roundup of key developments of interest to business valuation experts.

Prince estate valuation featured on latest AICPA podcast

In the shadow of the recent court decision in the Michael Jackson estate valuation dispute, the estate of pop star Prince is currently locked in a fierce estate and gift tax dispute.

Timely Insights From the NYSSCPA Business Valuation and Litigation Services Conference

Topics include emerging issues (SPACs, cryptocurrency, and Zoom as a practice-builder) and some new perspectives on evergreen topics (estate valuations, cannabis, distressed firms, and collaborations).

Tax changes to watch for under the Biden administration

Other than the possibility of changing corporate tax rates, there is “nothing of earth-shattering importance” in terms of tax, estate, and regulatory changes expected from the Biden administration—for now, anyway—according to a panel of valuation experts on a recent BVR webinar.

BVU News and Trends March 2021

A monthly roundup of key developments of interest to business valuation experts.

Prince estate and IRS embroiled in fierce valuation dispute

A recent article in the Star Tribune says the executor of the estate of Prince, the late world-famous rock star, and the Internal Revenue Service are currently locked in a fierce estate and gift tax dispute.

Letter to the Editor: Commentary on Recent Statements by the IRS Regarding the Change to Appraisal Reviews

Former IRS manager Michael Gregory comments on recent statements from the IRS and ASA concerning a key issue with appraisal reviews prior to imposing a civil money penalty for valuation misstatements under IRC Section 6695A.

IRS addresses fears over change in appraisal reviews

Earlier this year, the IRS issued a memorandum that described changes to the way the IRS reviews appraisals prior to imposing a civil money penalty for valuation misstatements under IRC Section 6695A.

How COVID-19 Is Impacting the IRS and Valuation Audits

Still reeling from the effects of the government shutdown and budget cutbacks, the pandemic has dealt another blow to the IRS that has affected how the agency selects and reviews tax returns that include valuations. A former IRS manager who dealt with valuations at the agency gives some interesting insights.

IRS deals with triple whammy as it reviews valuations

The government shutdown, budget cutbacks—and now the pandemic—have impacted the IRS and how it selects and reviews tax returns that include valuations.

BVU News and Trends July 2020

A monthly roundup of key developments of interest to business valuation experts.

IRS change to appraisal review sparks concern from ASA and others

The American Society of Appraisers (ASA) and 10 other appraisal organizations have sent a joint letter to the Internal Revenue Service and the Treasury Department expressing concern over a recent change to the way the IRS reviews appraisals prior to imposing a civil money penalty for valuation misstatements under IRC Section 6695A.

BVU News and Trends March 2020

A monthly roundup of key developments of interest to business valuation experts.

Advisers urge family biz owners to sell now

Amid a booming economy and political uncertainty, wealth advisers are encouraging family-owned businesses to sell before the “party ends,” according to an article in Bloomberg.

BVU News and Trends May 2019

A monthly roundup of key developments of interest to business valuation experts.

How IRS turmoil from the shutdown affects BV

The IRS is doing its best to recover from the government shutdown, but business valuation experts need to be aware of certain issues, according to Michael Gregory (Michael Gregory Consulting LLC), who gave an IRS update during a recent BVR webinar.

Lund v. Lund (II)

Appeals court upholds district court’s buyout order of minority shareholder’s interests in related family businesses (grocery store chain) as well as district court’s fair value determination; district court’s valuation “falls squarely” between trial experts’ valuations, appeals court says.

BVU News and Trends November 2018

A monthly roundup of key developments of interest to business valuation experts.

IRS BV community is ‘fractured’

The IRS business valuation community is “very fractured,” leading to inconsistencies on audits, says former IRS manager Michael Gregory (Michael Gregory Consulting LLC).

Sit in on a real-world IRS audit

A former IRS manager will conduct a mock audit of an estate valuation matter during a special four-hour workshop on September 25.

What’s it like to be on the IRS audit hot seat?

Find out during a special four-hour workshop that pits a former IRS manager against a business valuer in a mock estate tax audit.

Act now to KO controversial Section 2704 regs

Comments are due by Aug. 7, 2017 on an IRS notice that puts the proposed Section 2704 regs on the chopping block.

Appraiser ducks penalty for undervaluation

A recent Tax Court case rejects an appraiser's valuation of an estate asset, and the undervaluation is enough to normally trigger penalties under IRC Section 6695A.

Michael Jackson estate valuation case features tainted image and tax affecting

BV experts take the stand in a high-stakes Tax Court case that pits the IRS against the estate of Michael Jackson.

A face need not be famous for it to have value

In a right of publicity case, a woman is suing the Chipotle restaurant chain for $2.2 billion for using her photograph without her permission for advertising purposes.

1 - 25 of 28 results