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A webcast featuring Mark Lingerfield, ASA a Partner and Managing Director at MPI, hosted by Pat Soldano, President, Family Enterprise USA.

 

Valuation in Estate Planning Context: Mark Lingerfeldt, an expert on business valuation, discusses the IRS Chief Council’s advice memorandum (CCA) regarding valuing a minority block of stock in a private company in the context of estate planning, particularly when the company is in the process of being sold.

Consideration of Potential Sale in Valuation: The key issue explored is whether a hypothetical buyer would consider the potential or pending sale of the company when valuing their stock. The IRS is concerned about ensuring accurate valuation to prevent undervaluation for tax avoidance purposes.

Importance of Updated Appraisals and Documentation: Lingerfeldt highlights the pitfalls of using outdated appraisals and emphasizes the importance of considering the sale timeline and obtaining relevant documentation such as communication with investment bankers, financial projections, and letters of intent. Additionally, he touches on reconciling financial and strategic valuations, particularly in the context of mergers and acquisitions (M&A) transactions.

About MPI
MPI (Management Planning Inc.) is a business valuation, litigation support, forensic accounting and M&A advisory firm providing valuations for a variety of tax, financial reporting, litigation and other business applications, as well as corporate advisory services to business owners and their representatives.

MPI has over 80 years of experience preparing Business Valuations for estate and gift tax planning and estate tax administration matters. MPI’s work product is used as the foundation for succession planning strategies implemented by advisors for numerous types of businesses and assets. MPI has decades of experience presenting and defending its work product to IRS agents and engineers at the initial audit and appellate levels. Our valuation conclusions have withstood scrutiny under audit and been accepted as filed at a high rate, which has the effect of helping clients avoid the perils and costs of tax court or ongoing tax disputes with the IRS.

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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.


Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.

Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.


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