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  • Implementing the new revenue standard: No time to lose

    Year End 2015
    Newsletter: Public Company Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1026

    Abstract: In August 2015, the FASB issued ASU No. 2015-14, deferring the effective date of its new revenue recognition standard by one year. Unfortunately, that doesn’t mean that all companies should relax their implementation efforts. This article discusses why it’s necessary to get prepared by assessing the impact on how — and when — revenue is reported, identifying areas in which management will need to rely more heavily on judgment and estimates, determining the nature and extent of required disclosures, and so forth. A brief sidebar discusses a 5-step program regarding recognizing revenue.

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  • Tax Court to valuators: Explain yourself!

    January / February 2012
    Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1026

    Abstract: Courts today no longer accept valuation experts’ opinions without careful scrutiny. This article discusses one case in which the court found that the estate expert’s valuation erroneously relied primarily on the discounted cash flow (DCF) method and “tax affected” the company’s earnings — that is, reduced the company’s projected earnings to reflect an assumed corporate tax burden. A sidebar discusses whether it’s advisable or not to tax affect earnings. Citations: Estate of Gallagher, T.C. Memo. 2011-148 (June 28, 2011). Gross v. Commissioner, T.C. Memo. 1999-254 (July 29, 1999)

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  • Convenience has a price — The ins and outs of marketability discounts

    September / October 2008
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1026

    Abstract: Marketability discounts capture the inconvenience, time and costs associated with selling a private business interest. This article explains what marketability discounts are and how they work, using a hypothetical example to illustrate. Because such discounts are matters of professional judgment and can vary from one assignment to the next, the article points out that only experienced valuation professionals are equipped to handle them. A sidebar clarifies the difference between marketability and illiquidity discounts.

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  • Sound estate planning – An FLP can provide both tax and nontax benefits

    March / April 2008
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1026

    Abstract: After years of hard work to build your dealership, it’s time to protect that legacy for your children or other loved ones with a sound estate plan. A family limited partnership is one of many available tools that may help you achieve your goals. A sidebar on “8 ways to build a tough FLP” can prepare you for an IRS challenge. (Updated 5/30/12)

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