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. Click on the links below to read some of our newsletter articles.
Article 1 – Oil and Gas Appraisals – Not Knowing Can Cost your Client Millions
Article 2 – IRS Targets Eliminating Discounts with Proposed Regulation
Article 3 – Discount for Lack of Control May Increase Based on 2014 Court Decision
Article 4 – Valuation Takes Front Row Seat In ABC’s Shark Tank
Publications
How to Value Privately Held Promissory Notes
Promissory notes are commonly used for the transfer of wealth between family members or their legal entities, like trusts, limited partnerships and corporations. Sometimes, these notes are issued to make a loan to a son or daughter to buy real estate or to fund a...
read moreDetermining the FMV of Small Privately Held Promissory Notes
The appraisal of promissory notes is an area of business valuation that has not received much attention from academic journals. Large privately held notes ($25M+) can be compared to corporate bonds but most notes are much too small and nonmarketable for this type of...
read moreQuick Read – Objectively Supporting Discounts for Lack of Marketability
Business appraisers around the country have historically used comparisons to the averages found in restricted stock studies to determine a discount for lack of marketability in their valuations of a privately held, noncontrolling interest in a business. While the...
read moreThe Counselor – Proposed 2704 changes meet stiff resistance at IRS hearing
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 moreArizona Attorney – Family-Owned Business Discounts May End Under Proposed IRS Regulations
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 moreConnecticut 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 moreState Bar of Arizona – Family Limited Partnerships – How to Draw the Attention of the IRS
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 moreTexas Bar Journal – The Taxman Cometh
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 moreTSCPA – Empirical Method for Determining DLOM
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 moreCCH – Business Valuation Resources – Business Valuation Update – Discount For Lack Of Marketability
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 moreFind Out More
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