Practice advice for appraisers facing an IRS appeals process
Diane Ryan is the IRS’ Chief of Appeals. “I’d like to give you some practice tips you can use,” she said. speaking at BVR’s Tax and Valuation conference in DC this morning. “We see every kind of work stream in my office. It’s a fascinating place to be in tax because you see everything.” The [...]
Don May on hedge fund GPs; and the use of M&A valuation methods
Don points out these articles are available free in his posting this morning to the Valuation Professionals site on LinkedIn.
More distributions equal lower discounts, Porter and Frazier agree
“There could be situations in a tiered partnership where a partner wants reinvestment rather than distributions, but this would be rare,” opined Will Frazier in today’s BVR webcast looking at the new Astleford case. John Porter (who is also the co-chair of the Georgetown/BVR Summit on Valuation, Tax, and Estate Planning November 10), agrees. [...]
FMV’s Hoffman reveals unique aspects of highly-contested Ludwick case
A Tax Court case usually has a large dollar amount at stake or a divisive issue, and Ludwick v. Commissioner (reported in last week’s special edition BVWire™) tackled the long-contested application of valuation discounts to undivided half-interests in real property. “What made this case unique—and what certainly contributed to it reaching Judge Halpern—was a Tenancy [...]
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