Valuing Pass-Through Entities

The clarity and guidance valuation analysts have been thirsting for The business appraisal community regularly names the valuation of pass-through entities as a major issue of concern. Courts, appraisers, and the IRS have long been at odds on the topic, and the contention within the appraisal community itself over methods and inputs further complicates the issue. Valuing Pass-Through Entities provides clarity for the analyst tasked with valuation, offering clear explanations of the different perspectives and approaches to the process. Valuing Pass-Through Entities cuts through the chatter t

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Year of publication:	2014
Authors:	Barr, Eric J.
Publisher:	Hoboken : Wiley
Subject:	Bilanzielle Bewertung \| Accounting valuation \| Investmentfonds \| Investment Fund \| Welt \| World \| Common Law \| Common law \| Bürgerliches Recht \| Civil code \| GmbH \| Private limited company

Extent:	Online-Ressource (271 p)
Series:	Wiley Finance Wiley Finance Ser.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Valuing Pass-Through Entities; Contents; Foreword; Preface; Acknowledgments; About the Author; Chapter 1: Introduction; Definition of Value; Beauty and Value; Control versus Noncontrolling Interests; Standards of Value; Premise of Value; Approaches to Value; The PTE Conundrum; Chapter 2: The History of Federal Statutory Tax Rates in Maximum Income Brackets and the Evolution of Different Forms of Business Entities; Origins of the United States Internal Revenue Code; Years 1913 Through 1938; Years 1939 Through 1953; Years 1954 Through 1985; S Corporations; Tax on Unreasonable Compensation General Utilities DoctrineYears 1986 Through 2013; Limited Liability Companies; Summary; Chapter 3: Effective Federal Individual and Corporation Income Tax Rates; Effective Federal Income Taxes on 10,000 of 2012 CPI Adjusted Taxable Income, 1913-2013; Individual Income Taxes; C Corporation Income Taxes and Dividend Taxes; Comparison of PTE and C Corporation Income Taxes; Effective Federal Income Taxes on 100,000 of 2012 CPI Adjusted Taxable Income, 1913-2013; Individual Income Taxes; C Corporation Income Taxes and Dividend Taxes; Comparison of PTE and C Corporation Income Taxes Effective Federal Income Taxes on 1 Million of 2012 CPI Adjusted Taxable Income, 1913-2013Individual Income Taxes; C Corporation Income Taxes and Dividend Taxes; Comparison of PTE and C Corporation Income Taxes; Summary; Chapter 4: Comparison of Different Entity Forms; Business Life Cycle; Start-Up Phase; Operating Phase; Sale of Business; Benefits and Limitations of PTEs; Summary of PTE Benefits and Limitations; Financial Statements of C Corporations and PTEs; PTE Status and Bank Financing; Prevalence of PTEs; Change in Form of Entity; C Corporation to S Corporation C Corporation to Partnership or LLCS Corporation to Partnership or LLC; Partnership to LLC; Partnership or LLC to C Corporation; S Corporation to C Corporation; Chapter 5: Income Approach and Value to the Holder; Value to the Holder versus Value to the Buyer; Jurisdictional Issues; Delaware Open MRI Radiology Associates, P.A. v. Howard B. Kessler; Bernier v. Bernier; Limitations of Delaware Open MRI and Bernier; The Modified Delaware MRI Model; Flexibility of the MDMM; Chapter 6: Inputs to Modified Delaware MRI Model; Normalized Pretax Income Entity-Level Income Taxes on Pass-Through EarningsIncome Retained in the Business; Effective Federal and State Income Tax Rates on Pass-Through Income; Maximum Federal and State Individual Statutory Income Tax Rates; Using 40, 0, 29.4, or Some Other Fixed Percent; Application of Nominal Statutory Rates for Each Income Bracket; Overall Effective Income Tax Rates Indicated on the Owner's Individual Income Tax Returns; "With and Without" Method; Dividend Tax Rates; Applying Statutory Federal Dividend Tax Rates and Effective State Income Tax Rates; Using the "With and Without" Method; Summary Chapter 7: Income Approach and Investment Value
ISBN:	978-1-118-84866-1 ; 978-1-118-84861-6 ; 978-1-118-84866-1
Source:	ECONIS - Online Catalogue of the ZBW

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