1091
Showing all 2 results
-
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)
-
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)