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.
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
A common method for determining discounts for lack of marketability is to rely on a review of the average discounts found in restricted stock discount studies. However, this method requires a certain level of subjectivity because little is known about the underlying...read more
Shannon Pratt’s Business Valuation Update – Expert Witness for IRS Attacks Size Premium Part of Discount Rate
In several recent estate tax cases, the IRS has taken the position that the size premium should not be included in the development of the discount rate for small, privately held companies. This position is contrary to both market evidence and authoritative texts in...read more
As use of the family limited partnership has increased, so have the perceived abuses by the IRS in the application of discounts for lack of control and lack of marketability. Consequently, appraisals of limited partnership interests in family limited partnerships are...read more
The IRS turns a hawk's eye on the methods used to value discounts.read more
A privately held business is often the largest single asset an individual owns. Consequently, determining a reasonable estimate of the value of that business is important for proper planning, including issues such as insurance needs for estate planning purposes as...read more
A well-prepared business appraisal should follow accepted guideline sand include specific information. Before building a client's financial plan on the basis of an appraiser's report, it's a good idea to make sure that the report itself is on solid legal...read more
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