Precise Information for Tax Planning and Reporting
A key portion of our business is providing valuations for tax planning and reporting purposes.
Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.
There may be a need for tax advisory counsel to formally determine value for many reasons, including:
Stock-Based Compensation (IRC Sec. 409a – Options, Warrants, SARs, Phantom Stock)
Estate & Gift Planning, including IRS Qualified Appraisals (BDITs, GRATs, other estate tax freeze techniques)
Purchase Price Allocation. Fair Value of Assets Acquired and Liabilities Assumed (required for any purchase or sale in which there is a change of control)
Impairment Testing, such as Goodwill and Other Intangible Assets
The challenge of this can be immense, especially in a world of constantly changing tax laws and regulations at Federal, state, and local levels. International laws add to the complexity in an ever-changing global marketplace. We conduct thorough analyses and develop strategies that allow you to utilize tax law advantages while maintaining confidence that you can stand up to IRS challenges or audit scrutiny.
Our business valuation will include a variety of valuation methodologies under an income, market, and cost approach. These common valuation reporting approaches help ensure accuracy and guarantee wide acceptance of determinations.