Toiling in King Solomon's mine: a study in business valuation for transfer tax purposes
Article Abstract:
Valuation of businesses for gift tax purposes is a complicated part of estate and business planning for family business owners. Various discounts may be applicable including those for minority interest and lack of marketability. Family limited partnerships and liability companies are common forms which family businesses take and their particular valuation issues should be recognized. Restrictions on transfer may result in tax complications contained in IRC sections 2703-2704.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
W.L. Gross: valuing the stock of S corporation is the most recent Tax Court blunder in valuation
Article Abstract:
The author criticizes the Tax Court and IRS for their emphases on tax policy rather than on established principles of business valuation, with a focus on the issue of valuation of S corporation stock. The 1999 Tax Court case W.L. Gross is examined and criticized for its dangerous precedent if the U.S. 6th Circuit Court of Appeals does not act to correct the lower court.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
FLPs and valuation: observation of formality and substantiality are paramount
Article Abstract:
The author discusses tax planning issues regarding the valuation of family limited partnerships.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Time-varying world market integration. Foreign speculators and emerging equity markets. Stock market liberalization, economic reform, and emerging market equity prices
- Abstracts: High-flying Megalomedia makes a storming return. Columbus discovers value in data mining. Wolters Kluwer
- Abstracts: One-stop shopping. MDPs: a study in controversy. Is in RIP for MDPs?
- Abstracts: Champion of Canadian standards. Informal proceedings: why CAs should exercise caution before acting as a client's agent
- Abstracts: Establishing your virtual office. Disaster recovery: do you have a proactive plan? E-signatures: will you encode your John Hancock?