AIC23 BV - It's Not a Discount Study, It’s an APPRAISAL!

Session Description

A common method of valuing FLP interests has been the use of Discount Studies that rely on average discounts. This method has not held up in Tax Court due to several shortcomings. The use of analytical methods available in the Income and Market Approaches allows appraisers to determine value more accurately and objectively. This presentation will focus on conducting a true appraisal of FLPs using the same methodology the speaker successfully used in Tax Court and audits. The speaker will share his opinion on issues such as stacked FLPs, high debt FLPs and appraising FLPs with challenging and complex assets.

Speaker

Bruce Johnson, ASA | Managing Partner | Munroe, Park & Johnson, Inc.

Continuing Education

Review of this session recording will award 1 CE hour. 

CPE credit is not awarded for this pre-recorded offering.