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Marketing To Business Owners Workshop Session 4: Valuation Rules And Regulations

Marketing To Business Owners Workshop Session 4: Valuation Rules And Regulations. I:Knowledge BasePresentationsWholesalers2009 Wholesalers. Valuation Rules & Regulations . Revenue Ruling 59-60 AICPA’s Statement on Standards for Valuation Services (SSVS) IRC Section 6695A. 8/8/2014.

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Marketing To Business Owners Workshop Session 4: Valuation Rules And Regulations

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  1. Marketing To Business Owners WorkshopSession 4: Valuation Rules And Regulations I:\Knowledge Base\Presentations\Wholesalers\2009 Wholesalers

  2. Valuation Rules & Regulations Revenue Ruling 59-60 AICPA’s Statement on Standards for Valuation Services (SSVS) IRC Section 6695A 8/8/2014 For producer use only. Not for distribution to clients. 2

  3. Nature of business, history Economic outlook generally and for specific industry Book value, financial condition Earning capacity of company Dividend-paying capacity Goodwill, intangible value Market price of publicly traded stocks in same or similar business. Revenue Ruling 59-60 8/8/2014 For producer use only. Not for distribution to clients. 3

  4. AICPA’s SSVS Became effective 1/1/08. Applies to all CPAs. 8/8/2014 For producer use only. Not for distribution to clients. 4

  5. IRC Section 6695A Problem: widespread tax fraud using bad valuations. Solution: IRS 6695A makes appraisers personally liable. 8/8/2014 For producer use only. Not for distribution to clients. 5

  6. $5,000+ gifts need “qualified appraisal” by “qualified appraiser” Qualified appraiser: “an individual certified by a professional appraiser organization” that “regularly performs appraisals for which he or she is compensated”. Qualified appraisal: “prepared by a qualified appraiser who can demonstrate verifiable education and experience valuing the type of property appraised” IRC Section 6695A 8/8/2014 For producer use only. Not for distribution to clients. 6

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