SEC’s Daubert Challenge to Securities Valuation Testimony Fizzles
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
New analysis reveals different BV standards do not conflict
A casual observer may look at the various business valuation standards different organizations issue and get the idea that they are at odds with each other. But that is not the case.
SEC’s Daubert Challenge to Securities Valuation Testimony Fizzles
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
SEC v. Nutmeg Group, LLC
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
Compromised Asset Appraisals Undo Like-Kind Tax Plan
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
Compromised Asset Appraisals Undo Like-Kind Tax Plan
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
Exelon Corp. v. Commissioner
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
ASA International Appraisal Conference: Winds of Change Part 2 of 2
The ASA International Appraisal Conference held at the Marriott Waterside Hotel & Marina on July 14-16 in Tampa, Florida was anything but business as usual this year.
Appraisal Standards Board seeks input regarding USPAP
Carla Glass urges business valuation professionals to review the 2002 Uniform Standards of Professional Appraisal Practice (USPAP) and write comments to the Appraisal Standards Board (ASB ...
How long to keep records?
With all of the publicity surrounding the shredding of documents, can you provide any guidelines for business valuators as to how long they should retain workpapers relating to business valu ...
Identifying and Excluding Faulty Valuation Report Content and Testimony
George B. Hawkins Fair Value , Summer 2001, Volume X, Number 2 This article discusses challenging the admissibility of valuation expert reports and testimonies. The author lays the groundwo ...
IRS to issue BV standards for comment
By the middle of May, the IRS will issue draft valuation standards to submit to the various appraisal organizations for comment. Howard A. Lewis , the new IRS Engineering Program Manager, made this a ...
Lawyers should have BV standards handy for reference
by Shannon Pratt This is the third in a series of editor's columns based on Dr. Pratt's recent book, The Lawyer's Business Valuation Handbook. – LK When you encounter a business valuatio ...
ABA publishes valuation text by Shannon Pratt
American Bar Association, Section of Family Law, 750 North Lake Shore Drive, Chicago, Illinois 60611, (312) 988-5522. Hardbound, 7" x 10", 472 pages. Available for $124.95 plus S&H from Busines ...
2001 Professional Association Directory
Last published in December 1999, we have updated our directory of the twelve professional associations we find of particular interest to business appraisers and users of business appraisals. Again, we ...
Valuing a Business 4th edition now out; Reflects growing consensus
The fourth edition of Valuing a Business is finally available, and I am quite pleased with the resulting product. The very extensive amount of updated and new material is a testament to the ...
Protecting Your Valuation Expert and the Valuation Opinion
n Protecting Your Valuation Expert and the Valuation Opinion, Hood, Paul. Focus On Advanced Estate Planning Workshops . Planning for the Future, LLC. 19267 Slemmer Rd., Ste. 101, Covington, LA 7 ...
Business valuation professional standards provide criteria to evaluate expert reports
As Kumho Tire Co. v. Carmichael advises, the admissibility of expert testimony and evidence may depend upon the existence of "peer review and publication," "standards controlling" ...
ARE BUSINESS VALUATION STANDARDS BEING INVOKED BY THE TAX COURT?
n ARE BUSINESS VALUATION STANDARDS BEING INVOKED BY THE TAX COURT? Mercer, Z. Christopher. Valuation Strategies, July/August, 1999, pp. 34-39. This article presents a very even-handed revi ...
Current Internal Revenue Service appraisal practices "violate the American taxpayers' right to uniformity"
The current appraisal practices of the Internal Revenue Service systematically violate the American taxpayers' right to uniformity in the determination of tax liability under Article 8 Section I of ...