by apexcpas | Jul 4, 2018 | Valuations
According to the IRS, fair market value is defined as “the price at which the property would change hands between a willing buyer and a willing seller, when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both...
by apexcpas | Jul 4, 2018 | Valuations
In a case involving the donation of a conservation easement, the Tax Court ruled that the charitable contribution deduction was 100 times less than estimated by the appraiser. Although the $3.245 million contribution deduction was supported by an appraisal conducted...
by apexcpas | Jul 4, 2018 | Valuations
A real-life case can provide valuable insights into valuation issues and how to resolve them. Each case requires thoughtful analysis and the creation of a work program designed specifically for the situation at hand. This article was written by a CPA at Cowan,...
by apexcpas | Jul 4, 2018 | Valuations
An economic loss analysis should be done by an economist, shouldn’t it? Not necessarily. Choosing an economist to conduct economic loss analyses might seem an obvious choice, but there are several reasons why choosing a CPA may make more sense. CPAs often have...
by apexcpas | Jul 4, 2018 | Valuations
During the discovery process, CPAs can play a key role in ensuring that important financial facts are disclosed and all relevant financial documents are obtained. CPAs are skilled in such areas as financial auditing procedures, accounting processes, financial...