How much is a minority interest in an S corporation worth? IRS job aid compiles guidance on valuing pass-through entities
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Description
Abstract: Generally, S corporations pay no entity-level federal taxes on their income. Instead, an S corporation’s income and deductions flow through to the interest holders, who are responsible for the entity’s federal income tax liability. This article introduces an IRS job aid that compiles guidance on how these pass-through tax attributes may affect the value of noncontrolling interests in these entities. It concludes that valuing these interests necessitates a custom approach that’s evolving over time. Gross v. Commissioner, T.C. Memo. 1999-254, aff’d. 272 F. 3d 333 (6th Cir. 2001), cert. denied, 537 U.S. 827 (2002)
Additional information
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Newsletter | Valuation & Litigation Briefing / Litigation & Valuation Report |
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