For What Its Worth - Winter 2011
Winter 2011 PDF
Winter 2011 Articles
The "BIG" Tax Issue in Business Valuations
Logically a collection of assets subject to a liability is worth less than assets free of such obligation. This is the underlying premise of the built-in gains (“BIG”) valuation discount which is sometimes also referred to as trapped in or embedded capital gains tax...
PA Requires Divorce Courts to Consider Tax-Effecting a Business
How (and whether) to tax-effect depends very much on jurisdiction, and there’s no clearer reminder of this than Balicki v. Balicki, 2010 PA. Super. 134 (July 30, 2010). In 2005, the Pennsylvania legislature amended the state’s Divorce Code, adding two specific considerations in the family courts’ equitable division of property...
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.