Remove Business Enterprise Remove Definition Remove Dividends
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Mercer’s Musings #1: USPAP and the Internal Revenue Service

Chris Mercer

This is a different question than: “Are all appraisers required to comply with USPAP…” Qualified Appraisals and Qualified Appraisers According to § 1.170A-17(a)(1) of the Internal Revenue Code, which defines the term “qualified appraisal” for charitable gifting appraisals as: (a) Qualified appraisal — (1) Definition.

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Understanding S-Corps, C-Corps, and LLCs: Navigating the Alphabet

Equilest

C-Corporations (C-Corps) C-Corporations are incorporated businesses that are taxed on their profits after which the shareholders are taxed on the profits they receive in form of dividends. Conclusion Selecting the proper business structure is very important in the functioning of a business enterprise.

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No Marketability Discounts or Discounts for Illiquidity for Controlling Interests of Companies

Chris Mercer

Important Definitions The Sixth Edition of Shannon Pratt’s Valuing a Business (with the ASA Educational Foundation) was published in late 2022. ” The International Valuation Glossary – Business Valuation (“the Glossary”) provides definitions of liquidity and marketability and their related discounts.

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USPAP Standards Rule 9-4 Creates a Problem for Business Appraisers

Chris Mercer

It is used some thirty times through Standard 10 (Business Valuation, Reporting). The definition of “Credible” in USPAP 2006 is: CREDIBLE : worthy of belief. ” The definition remains unchanged through 2020-2021 USPAP. This guidance is unchanged to the present. What, though, is “relevant evidence?”