Tax Treatment Of Litigation Proceeds and Legal Fees
The taxability of litigation proceeds and the deductibility of related legal fees and court costs have become clearer thanks to recent legislation and a Supreme Court ruling...

The Impact of Life Insurance Proceeds on Value
Many buy-sell agreements are funded by life insurance on the lives of individual owners. It is important for business owners, attorneys and appraisers to consider the effects of life insurance from a valuation perspective at the time a buy-sell agreement is written...

Life Insurance Proceeds – Cases in Point
Two recent Court cases demonstrate the uncertainty on the handling of life insurance proceeds. In the first case, an Ohio court treated life insurance proceeds as a non-operating asset, but was reversed by the Court of Appeals, which ruled that the proceeds are to be paid to the deceased shareholder’s estate. In the second case, Tax Court included the insurance proceeds as a...

FWIW - Summer/Fall 2006

FWIW is intended to inform readers of developments in the field of valuation. The articles written may, or may not, reflect the opinion of the authors. Please note, any advice contained in this publication was not intended, or written, to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This publication is distributed with the understanding that the publisher and distributor are not providing legal, accounting or other professional advice and assume no liability whatsoever in conjunction with the information contained within this publication.