Business Valuation Library

Discounts for Lack of Marketability

700+ pages
Published July 2010

BVR's Guide to Business Valuation Issues
in Estate & Gift Tax

Order Now for $149 | View Table of Contents

Edited by Linda Trugman, CPA/ABV, CBA, ASA, MBA

Issues like tax-effecting S-Corporations, non-signing tax preparer penalties, and legal challenges from the IRS continue to complicate the estate and gift arena, making it critical for attorneys practicing in the space to remain current with the legal arguments, regulations and technical theory that apply to estate and gift issues and business valuation. The BVLaw Guide to Business Valuation Issues in Estate & Gift Tax Law helps you stay current and face these legal challenges head-on.

This valuable legal desk reference includes:

Critical, time-saving, case law summary table that outlines all major estate and gift tax precedents abstracted in the Guide
Court case abstracts covering all major estate and gift tax law court case from 1995-2010. The BVLaw™ legal team has interpreted and analyzed all relevant cases for you, including, Astleford, Bigelow, Miller, Malkin, Keller, and more. New cases in the 2010 edition include: Alan Baer Revocable Trust, Heckerman, Jorgensen, Litchfield, and many more
An overview of the current state of estate and gift valuation by noted business valuation expert Linda Trugman
Exclusive analysis including Will Frazier’s Non-Marketable Investment Company Evaluation (NICE) method and Owen Fiore’s overview of the impact of the before mentioned court decisions, as well as a list of success factors for creating FLPs/LLCs
Webinar transcript from BVR's 2010 "Valuation Issues in Estate & Gift Tax" session
Must-read articles on estate and gift tax law and FLPs excerpted from Business Valuation Update™

Save time and spare yourself the frustration of mining larger legal information services or the Web for key estate and gift tax materials pertaining to business valuation litigation. The BVLaw Guide to Business Valuation Issues in Estate & Gift Tax Law puts everything you need in one place!

Table of Contents

Section 1: A Collection of Articles on Estate and Gift Tax Issues

Chapter 1: Introduction to BVR’s Guide to Business Valuation Issues in Estate and Gift Tax
Linda Trugman

Chapter 2: IRS Challenges to FLPs and Family LLCs
By Chris Mellen

Chapter 3: Pass-through Entity Discounts for Built-in Capital Gains Taxes
By Michael Paschall, ASA, CFA*

Chapter 4: Abraham and Hillgren: Different Approaches to Section 2036(a) Valuation
By Owen Fiore, JD, CPA

Chapter 5: After McCord: The Future of FLP Valuations and Discount Determinations
By William Frazier, ASA

Chapter 6: New 2036(a) Opinion Emphasizes Criteria for FLP Valuation Benefits
By Owen Fiore, JD, CPA

Chapter 7: Business Valuation Recent Cases, Rulings and Interpretations
By William F. Chandler, JD, CPA/ABV, ASA, CFA

Chapter 8: Using Empirical Data to Value Family Limited Partnerships
By Bruce A. Johnson, ASA and James R. Park, ASA

Chapter 9: Non-marketable Investment Company Evaluation (NICE) Method
By William H. Frazier, ASA

Chapter 10: Good News, Bad News for FLPs and LLCs – Opportunities and Challenges for All!
By Owen Fiore, JD, CPA

Section 2: Conference & Teleconference Transcripts & Presentations

Chapter 1: Valuation Issues in Estate & Gift Tax
Business Valuation Resources

Chapter 2: Shielding Your FLPs and FLLCs Against IRS Attack
Moderator: George Hawkins
Speakers: Spencer Jeffries, Bruce Johnson, and Stephanie Loomis-Price

Chapter 3: McCord Reversal and its Effect on Valuation
Moderator: Steve Akers
Speakers: William Frazier and John Porter

Chapter 4: Fighting Legal Pitfalls with Family Limited Partnerships: A Practical Guide for Forming, Operating, and Defending FLPs
Moderator: Stephanie Loomis-Price
Speakers: Paige Ben-Yaacov, Garry Marshall

Chapter 5: Hot Issues on FLPs/LLCs: Reality, Recognition, and Valuation
Moderator: Shannon Pratt
Speakers: Owen Fiore, George Hawkins, and Curtis Kimball

Chapter 6: IRS New Rules: Pension Protection Act and Beyond

Section 3: Court Case Abstracts

Summary table of court case abstracts

Full text of case abstracts