Business Valuation and Taxes: Procedure, Law and Perspective
Clear guidance and perspective on business valuation from two of the nation's top authorities\ Offering knowledge and guidance to everyone who does valuations as well as those who are affected by them, Business Valuation and Taxes explores the intricate relationship between federal taxes and valuation, and specifically, valuations relating to business interests.\ Written by Judge David Laro and Shannon Pratt, both leading experts on the subject, Business Valuation and Taxes is the first book...
Search in google:
There are several hundred sections of the Internal Revenue Code and several thousand references in the federal tax regulations that explicitly require fair market value determination. Consequently, taxpayers file an estimated fifteen million tax returns each year reporting an event involving a valuation-related issue. Business Valuation and Taxes is the first comprehensive resource providing knowledge and guidance to everyone involved in this high-stakes process, complete with a full overview of the laws, procedures, and approaches related to business valuation.Business Valuation and Taxes provides insightful discussions on the relationship between federal taxes and valuation, and specifically, valuations relating to business interests. Combining the expert knowledge of coauthors Judge David Laro and Shannon Pratt, this accessible reference shares their decades of experience and advice on everything practitioners need to know about business valuation—from general definitions to valuing complex business interests.Business Valuation and Taxes combines basic information with important perspectives on current issues. It provides a broad understanding of the basic knowledge needed to appreciate business valuation, and addresses the techniques and procedures of conducting a business valuation. It also features in-depth examinations of numerous topics that are particularly important to practitioners, including:Standards of business valuationSources of law and choice of courtsSubsequent eventsIRS positionsValuation and choice of entityBurden of proof in valuation controversiesThe income approachThe market approachThe asset-based approachQuestions to ask business valuation expertsEconomic and industry analysisTax-affecting pass-through entitiesAnd more!Valuators, CPAs consulting on valuations, attorneys, corporate development officers, and intermediaries will discover a wellspring of vital information on valuation approaches, techniques, finance-related issues, burden of proof, standards, choice of entity, and much more.
catalogimages.wiley.com/images/db/pdf/0471694371.excerpt.pdf
1Standards of business valuation12Subsequent events173Business valuation experts244Sources of law and choice of courts485Burden of proof in valuation controversies556Penalties and sanctions637Valuation and choice of entity708Valuation of S corporations and other pass-through tax entities : minority and controlling interests799Valuation of international transactions13710Adjustments to financial statements15311Comparative financial statement analysis15912Economic and industry analysis16813Site visits and interviews17814The income approach18115The market approach20916The asset-based approach26017Entity-level discounts26618Discounts for lack of marketability28219Other shareholder-level discounts31120Weighting of approaches32421Valuation of options32822IRS positions34023Business appraisal reports38324Questions to ask business valuation experts400App. AIRS business valuation guidelines407App. BInternational glossary of business valuation terms412
