Publications and Newsletters
Munroe, Park & Johnson, Inc. provides a newsletter to its clients on a regular basis. The newsletters are written by the principals of the firm and discuss valuation topics and recent appraisal-related court cases. Please contact us if you would like to be added to the newsletter list.
The principals of Munroe, Park & Johnson, Inc. frequently provide articles to various publications. Some of articles have appeared in PPC’s Guide to Business Valuation, Financial Planning, Commerce Clearing House’s BV Alert, San Antonio Business Journal, Texas Lawyer, Shannon Pratt’s Business Valuation Update and the ASA’s Business Valuation Review.
Among other final outcomes, there’s a very real chance increased tax costs will be instituted in 2017 for transferring interests in family-owned entities.read more
The Internal Revenue Service released proposed regulations on August 2, 2016, that would modify and expand Internal Revenue Code § 2704, which affects the valuation of privately held minority interests that are controlled by the same family.read more
Connecticut Bar Association – How to Avoid the Attention of the IRS When Making Family Limited Partnership Gifts
The widespread use of Family Limited Partnerships (FLP) among taxpayers is due to its effectiveness for asset protec- tion, dispute resolution, and favorable tax benefits for...read more
So, if a taxpayer wants to avoid the attention of the IRS, here are a few easy steps: 1. Formally transfer the assets to the FLP at formation and legally hold any real estate or brokerage accounts in the name of the...read more
Family limited partnerships are popular with taxpayers due to their effectiveness in asset protection, and favorable tax benefits for gifting. The IRS, however, has not been fond of them.read more
Marketability is defined in the International Glossary of Business Valuation Terms as “the ability to quickly convert property to cash at minimal cost.” How to best quantify and support a discount for lack of marketability (DLOM) for a non-controlling interest has...read more
The vast majority of business appraisers still rely on the restricted stock studies to determine a discount for lack of marketability (DLOM) in their standard practice of valuing a closely held, non-controlling interest.read more
Recent Tax Court decisions on Family Limited Partnerships (FLPs) indicate that judges carefully examine not only the amount of the discount taken but how the discount was derived. This article discusses what we should learn from recent FLP court cases and how the...read more
A primary benefit of S corporation status is the avoidance of double taxation. In S corporations, earnings are not taxes at the corporate level for federal income tax purposes, thereby avoiding the double taxation that occurs in C corporations where earnings are...read more
On January 18, 200, Judge Orlando Garcia of the United States District Court ruled in favor of the taxpayer in the first family limited partnership case to be tried in a federal district court.read more