Business Valuation and Taxes: Procedure, Law, and Perspective by David Laro

Product Description

Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them.

This unprecedented text provides:
Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt.
Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation.
An overview of business valuation procedures
Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views.
The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation.
Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt.
Product Details
Amazon Sales Rank: #705794 in Books
Published on: 2005-04-18
Number of items: 1
Binding: Hardcover
480 pages
Editorial Reviews

Download Description
Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them.

Download Description
Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them.

From the Inside Flap
There are several hundred sections of the Internal Revenue Code and several thousand references in the federal tax regulations that explicitly require fair market value determination. Consequently, taxpayers file an estimated fifteen million tax returns each year reporting an event involving a valuation-related issue. Business Valuation and Taxes is the first comprehensive resource providing knowledge and guidance to everyone involved in this high-stakes process, complete with a full overview of the laws, procedures, and approaches related to business valuation.

Business Valuation and Taxes provides insightful discussions on the relationship between federal taxes and valuation, and specifically, valuations relating to business interests. Combining the expert knowledge of coauthors Judge David Laro and Shannon Pratt, this accessible reference shares their decades of experience and advice on everything practitioners need to know about business valuation—from general definitions to valuing complex business interests.

Business Valuation and Taxes combines basic information with important perspectives on current issues. It provides a broad understanding of the basic knowledge needed to appreciate business valuation, and addresses the techniques and procedures of conducting a business valuation. It also features in-depth examinations of numerous topics that are particularly important to practitioners, including:
Standards of business valuation
Sources of law and choice of courts
Subsequent events
IRS positions
Valuation and choice of entity
Burden of proof in valuation controversies
The income approach
The market approach
The asset-based approach
Questions to ask business valuation experts
Economic and industry analysis
Tax-affecting pass-through entities
And more!

Valuators, CPAs consulting on valuations, attorneys, corporate development officers, and intermediaries will discover a wellspring of vital information on valuation approaches, techniques, finance-related issues, burden of proof, standards, choice of entity, and much more.
Customer Reviews

Straightforward, bright, and accessible
I bought this book in conjunctioin with a business planning course taught by the author. I'm usually not a fan of most law books, but this book presents valuable content in a manner accessible to both law and business students.

book is targeted to lawyers doing valuation
This book is targeted towards Lawyers who are doing valuation for tax purposes (have a court case where valuation is disputed). This book is full of references court cases which is not what I expect from a Valuation book. The "and Taxes" should have given it away but I figured it had to do something how valuation changes due to taxes. I would not buy this book if you actually need to do valuation. No examples whatsoever.

Buy it if you are a lawyer working on a Valuation case. Otherwise this book not for you.