Petitioners' expert accepted despite their claim of lower value
The Experts: Clifford Braly III (for taxpayers on returns) Deloitte & Touche Management Planning, Inc. (for petitioners at trial) William H. Frazier, ASA (for petitioners ...
Estate of DiSanto v. Commissioner
At issue is the fair market value of a block of 186,177 shares of MD&F stock owned by the decendent.
Petitioners' Expert Accepted Despite Their Claim of Lower Value: Marital Deduction Based on Stock Actually Inherited After Disclaimer
The issues in the estate tax matter were: the fair market value of Frank DiSanto's (Frank) 186,177 shares (53.5%) of stock in Morganton Dyeing & Finishing Corp. (MD&F) on the date of death; the fair market value of the MD&F stock Grace DiSanto (Grace) was entitled to inherit from Frank's estate (a minority interest) on her date of death; whether Grace had expectancy interest only in the stock she was entitled to inherit; and whether Frank's estate was entitled to a marital deduction based on the value of the stock he willed to Grace or based on the value of the stock she was entitled to receive after executing a disclaimer of part of her interest in the stock.
A Post-Valuation Date Redemption and a Marital Deduction
The Tax Court determined that the fair market value of stock in a fabric dying corporation.
Nondistributing partnerships show 46% discount from NAV
"Partnership Re-Sale Discounts Holding Their Own," Partnership Spectrum, May/June 1999, pp. 1-18. Reviewed by Russell T. Glazer, CPA, Horowitz, Waldman, Berretta & Maldow, LLP As the ...
Fun days with the IBBA -- IBBA holds 29th semi-annual conference in Bloomington, Minn.
The material here was presented by Shannon Pratt, Willamette Management Associates and our editor-in-chief, and Doug Twitchell, Business Valuation Resources, co-manager of the database, at the IBBA ...
DCF Method Appropriate for Valuing General Contractor
In 1992, May Rakow gave 1,780 shares of Illinois Hydraulic Construction Co. (IHC) stock to her children and grandchildren.
Thousands of manufacturing companies to value, but the appraiser needs to assess their risks
The thousands of buyouts, divorces, estate related transactions, and other ownership changes in small to mid-size manufacturing companies provide a fertile source of engagements for business appraiser ...
Rakow v. Commissioner
At issue is the fair market value of stock given by petitioner to her children and grandchildren.
Comparison between Bizcomps and Pratt's Stats valuation multiples
The Bizcomps 1998 Eastern Edition has been released, with 1,009 transactions covering the last eight years, with an average selling price of $209,220 per transaction. Edited by Jack R. Sanders, CBA ...
IBA Conference
n The court appointed expert Darrell V. Arne, CBA, ASA, CPA, CBI Arne & Co. Albuquerque, NM Darrell emphasized that there is a demand for court-appointed experts, courts and litig ...
Moving targets: determining the fair market value of restaurants
One of the few constants about restaurant appraisal is that there is nothing constant about it. Volatility is the name of the game in the restaurant appraisal business. Concepts like theme restaur ...
Market Approach
Basic Concept Determine Value of Subject by Reference to Prices Paid for "Similar" or "Comparable" Companies Sources of Similar Companies Publicly-traded companies Acquisit ...
Speakers discuss landmark cases, market approach and discounts
This report concludes our coverage of the Nov. 15-17 AICPA Business Valuation Conference. For summaries of other presentations and a list of audiotapes available, see BVU December, 1998, pp. 1-4.
Judge David Laro addresses 1998 AICPA Conference
Judge Laro emphasized the importance of valuation in the tax context with an impressive statistic: Taxpayers file approximately 15 million forms per year with a valuation of some property included.
Valuing Intangible Assets Now Available!
Valuing intangible assets is a discipline that is critically important to business appraisers and others interested in valuing businesses and business interests. As it should, the sophistication of the business valuation profession is increasing at an exponential rate.
ASA summer '98 conference coverage (continued from August issue)
Highlights from the ASA's summer 1998 conference.
Institute of Business Appraisers 20th anniversary conference open with IRS attorney; closes with estate planning attorney
n LITIGATING ISSUES IN THE FAMILY LIMITED PARTNERSHIP ARENA Melanie Urban, Esq. Internal Revenue Service Houston, TX Ms. Urban opened with a declaration that there are two things that the IR ...
Court Cites Factors in Revenue Ruling 59-60 to Determine 'Fair Value'; Minority and Marketability Discounts Left to Trial Court's Discretion
The issue in this case is the "fair value" to be assigned to the dissenting shareholders' common stock in Weigel, a company engaged in the business of commercial television broadcasting.
Court finds capitalization of cash flow method most appropriate
At issue is the value of husband's interest in three different corporations that operate residential and commercial refuse removal services in Fairfield County and parts of Westchester and Putnam Counties in New York.
Iowa Supreme Court Affirms Bench Trial Valuation, Upholds No Discount for Lack of Marketability
This action was brought to obtain a court appraisal of the fair value of stock the Kellys owned.
Sieg v. Kelly
At issue is the valuation of the defendant's stock in the plaintiff company, a distributor of automobile parts and supplies.
Finocchio v. Finocchio
At issue is the valuation of husband's trash hauling business.
Court Upholds Water Utility
The Water District exercised its power of eminent domain on Jan. 22, 1993, paying $262,000 for the Water Company's assets.
Court Rejects Hypothetical Control Premium Scenario
At issue is the value of Clyde Wright's 201,408 shares of common stock of the Wilber Corp., which owns 100% of the common stock of Wilber National Bank.