Skip navigation

The Feds Carry a Bigger Stick

Only a few valuation-related cases were decided in 2007, but their negative impact on taxpayers was enormous. For appraisers and advisors, only a few rules were adopted last year but their whole world got harsh. Yet not all of the valuations news in 2007 is bad: The federal courts showed a healthy appreciation for the valuation of restricted, non-marketable stock and the built-in gains tax liability

Only a few valuation-related cases were decided in 2007, but their negative impact on taxpayers was enormous. For appraisers and advisors, only a few rules were adopted last year — but their whole world got harsh. Yet not all of the valuations news in 2007 is bad: The federal courts showed a healthy appreciation for the valuation of restricted, non-marketable stock and the built-in gains tax liability of an asset-holding C corporation.

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish