As the nation’s premier gathering on employee ownership, the NCEO’s annual conference provides an ideal opportunity to learn, network, and share your knowledge with others. Our 2019 conference will take place in Pittsburgh, PA (April 9–11, with preconference on April 8) and will build on the sold-out success of our 2018 conference in Atlanta, where […]
Read Bob Grossman’s article, “The Tax Cuts and Jobs Act and ESOP Valuations,” published in the October/November 2018 issue of Financial Valuation and Litigation Expert.
Practitioners and taxpayers alike continue to try and assimilate the many changes to the Internal Revenue Code that were enacted into law under the Tax Cuts and Jobs Act (TCJA) in December 2017. Media coverage has included significant commentary about the major and direct changes included in that tax bill, including the significant lowering of […]
In a very significant case, the United States Tax Court found that a limited liability company (LLC) was not entitled to a charitable contribution deduction for the donation of a remainder interest in real property because it failed to adequately substantiate its claimed deduction. The Form 8283 (appraisal summary for noncash charitable contributions) the LLC […]
An employee stock ownership plan (ESOP) is a retirement plan that is permitted to invest some, or all, of its assets in employer stock. ESOP plans are often sponsored by small or mid-sized, closely held firms that are not traded on any public exchange or capital market. As such, there is no way of knowing if […]
Read Bob Grossman’s article, “Proposed Section 2704 Regulations Work to Minimize Valuation Discounts,” published in the December 2016 issue of Practical Tax Strategies.
Read Bob Grossman’s article, “Marketability, Liquidity, and Controlling Equity Interests,” published in the December 2016/January 2017 issue of Financial Valuation and Litigation Expert.
Bob Grossman and Melissa Bizyak presented a webinar designed for business valuation professionals as part of the Valuation Products and Services VPS Straight Talk Webinar Series. Click here to download a PDF of the slides. A video archive of the webinar is available from VPS Visit www.valuationproducts.com for additional resources.
After an extended period of threatening to do so, the Internal Revenue Service issued proposed regulations affecting the valuation of closely-held business interests for gift and estate tax purposes. The proposed regulations, under Internal Revenue Code (IRC) Section 2704(b)(4), concern restrictions on valuation discounts pertaining to the transfer of family-owned entity interests. Specifically, the proposed […]
GYF Professionals, Bob Grossman and Melissa Bizyak, will be presenting at NACVA’s 25th annual conference in San Diego, CA.