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  • Electronic records management – Why your bank needs a comprehensive policy

    Summer 2008
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1091

    Abstract: Paper is so last century. The days when businesses worried about where they would store their records are over. Today, it’s estimated that more than 90% of all business records are created in electronic form, and most of those are never printed at all. A comprehensive records management policy, therefore, is more important than ever before. (Updated 8/29/12)

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  • Tax Court: Subsequent sale was best evidence of fair market value

    January / February 2011
    Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1091

    Abstract: This article discusses a case in which the U.S. Tax Court discussed the impact of post–valuation-date sales on fair market value as well as the importance of choosing an experienced, qualified valuation expert. The court found that the sale of a partnership interest, which was agreed to six months after the valuation date and completed nearly four months later, was “probative” of value, but not “conclusive.” The case illustrates the significance of considering subsequent sales in valuing a business interest. Citations: Ringgold Telephone Company v. Commissioner (T.C. Memo 2010-103)

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