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| 001 | EBC1813672 | ||
| 003 | MiAaPQ | ||
| 005 | 20240729123119.0 | ||
| 006 | m o d | | ||
| 007 | cr cnu|||||||| | ||
| 008 | 240724s2014 xx o ||||0 eng d | ||
| 020 |
_a9781118848616 _q(electronic bk.) |
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| 020 | _z9781118848661 | ||
| 035 | _a(MiAaPQ)EBC1813672 | ||
| 035 | _a(Au-PeEL)EBL1813672 | ||
| 035 | _a(CaPaEBR)ebr10953582 | ||
| 035 | _a(CaONFJC)MIL652759 | ||
| 035 | _a(OCoLC)887188232 | ||
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_aMiAaPQ _beng _erda _epn _cMiAaPQ _dMiAaPQ |
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| 050 | 4 | _aKF6450 | |
| 082 | 0 | _a343.73068 | |
| 100 | 1 | _aBarr, Eric J. | |
| 245 | 1 | 0 | _aValuing Pass-Through Entities. |
| 250 | _a1st ed. | ||
| 264 | 1 |
_aNewark : _bJohn Wiley & Sons, Incorporated, _c2014. |
|
| 264 | 4 | _c©2014. | |
| 300 | _a1 online resource (271 pages) | ||
| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 490 | 1 | _aWiley Finance Series | |
| 505 | 0 | _aValuing Pass-Through Entities -- Contents -- Foreword -- Preface -- Acknowledgments -- About the Author -- Chapter 1: Introduction -- Definition of Value -- Beauty and Value -- Control versus Noncontrolling Interests -- Standards of Value -- Premise of Value -- Approaches to Value -- The PTE Conundrum -- Chapter 2: The History of Federal Statutory Tax Rates in Maximum Income Brackets and the Evolution of Different Forms of Business Entities -- Origins of the United States Internal Revenue Code -- Years 1913 Through 1938 -- Years 1939 Through 1953 -- Years 1954 Through 1985 -- S Corporations -- Tax on Unreasonable Compensation -- General Utilities Doctrine -- Years 1986 Through 2013 -- Limited Liability Companies -- Summary -- Chapter 3: Effective Federal Individual and Corporation Income Tax Rates -- Effective Federal Income Taxes on 10,000 of 2012 CPI Adjusted Taxable Income, 1913-2013 -- Individual Income Taxes -- C Corporation Income Taxes and Dividend Taxes -- Comparison of PTE and C Corporation Income Taxes -- Effective Federal Income Taxes on 100,000 of 2012 CPI Adjusted Taxable Income, 1913-2013 -- Individual Income Taxes -- C Corporation Income Taxes and Dividend Taxes -- Comparison of PTE and C Corporation Income Taxes -- Effective Federal Income Taxes on 1 Million of 2012 CPI Adjusted Taxable Income, 1913-2013 -- Individual Income Taxes -- C Corporation Income Taxes and Dividend Taxes -- Comparison of PTE and C Corporation Income Taxes -- Summary -- Chapter 4: Comparison of Different Entity Forms -- Business Life Cycle -- Start-Up Phase -- Operating Phase -- Sale of Business -- Benefits and Limitations of PTEs -- Summary of PTE Benefits and Limitations -- Financial Statements of C Corporations and PTEs -- PTE Status and Bank Financing -- Prevalence of PTEs -- Change in Form of Entity -- C Corporation to S Corporation. | |
| 505 | 8 | _aC Corporation to Partnership or LLC -- S Corporation to Partnership or LLC -- Partnership to LLC -- Partnership or LLC to C Corporation -- S Corporation to C Corporation -- Chapter 5: Income Approach and Value to the Holder -- Value to the Holder versus Value to the Buyer -- Jurisdictional Issues -- Delaware Open MRI Radiology Associates, P.A. v. Howard B. Kessler -- Bernier v. Bernier -- Limitations of Delaware Open MRI and Bernier -- The Modified Delaware MRI Model -- Flexibility of the MDMM -- Chapter 6: Inputs to Modified Delaware MRI Model -- Normalized Pretax Income -- Entity-Level Income Taxes on Pass-Through Earnings -- Income Retained in the Business -- Effective Federal and State Income Tax Rates on Pass-Through Income -- Maximum Federal and State Individual Statutory Income Tax Rates -- Using 40, 0, 29.4, or Some Other Fixed Percent -- Application of Nominal Statutory Rates for Each Income Bracket -- Overall Effective Income Tax Rates Indicated on the Owner's Individual Income Tax Returns -- "With and Without" Method -- Dividend Tax Rates -- Applying Statutory Federal Dividend Tax Rates and Effective State Income Tax Rates -- Using the "With and Without" Method -- Summary -- Chapter 7: Income Approach and Investment Value -- Measuring Investment Value -- Normalized Pretax Income and Income Retained in the Business -- Income Taxes -- Discount/Capitalization Rates -- Deal Structure -- Purchasing Assets -- Purchasing Equity -- Complex Capital Structures -- Chapter 8: Income Approach and Fair Market Value -- Characteristics of FMV -- Value to the Hypothetical Seller -- Value to the Hypothetical Buyer -- Determining FMV -- Example of Failing to Consider Floor and Ceiling Values -- Chapter 9: Fair Market Value Court Decisions -- Number of Federal Estate and Gift Tax Returns -- Gross v. Commissioner -- Estate of Heck v. Commissioner. | |
| 505 | 8 | _aWall v. Commissioner -- Estate of Adams v. Commissioner -- Robert Dallas v. Commissioner -- Gallagher v. Commissioner -- Analysis of Cases -- Chapter 10: The Market Approach -- Revenue Ruling 59-60 -- Prior Sales of the Stock and the Size of the Block to Be Valued -- Market Price of the Stock of Corporations Engaged in the Same or a Similar Line of Business -- Appraisal Standards Board Standards -- AICPA Statement on Standards for Valuation Services -- Guideline Public Company Method -- Guideline Public Company Method and PTE Value to the Holder -- Guideline Public Company Method and PTE Investment Value -- Guideline Public Company Method and PTE Fair Market Value -- Guideline TransactionsMethod -- Limited Information -- Guideline Transactions -- Normalized versus Historical Data -- Purchase Price Allocation -- Number of Transactions -- Chapter 11: Individual State Income Taxes -- Statutory Individual State Income Tax Rates -- Effective Individual State Income Tax Rates -- Chapter 12: Discounts, Premiums, Bylaws, and State Laws -- PTE Agreements -- State Law -- Nevada Senate Bill 350 -- Chapter 13: Valuing Complex PTE Ownership Interests -- Reasons for Complex Capital Structures -- Option-Pricing Method -- Example 1: Preferred-Member Units -- Example 2: Joint Venture -- Example 3: S Corporation with Unreasonable Officer/Stockholder Compensation -- Appendix A: Checklist -- Appendix B: Case Study: Bob's Cruises -- Part I: Introduction -- Sam -- The Opportunity -- Business Due Diligence -- Part II: Sam's Cruises -- Normalization -- Income Taxes -- Part III: Valuing Sam's Cruises -- Valuation Multiple -- Sanity Check -- Value to Sam -- Part IV: Valuing Betty's Cruises -- Normalized After-Tax Cash Flows -- Sanity Check -- Part V: Closing The Deal -- After-Tax Purchase Cost -- Comparison of Transactions -- Part VI: Looking Back -- About the Website. | |
| 505 | 8 | _aIndex -- End User License Agreement. | |
| 588 | _aDescription based on publisher supplied metadata and other sources. | ||
| 590 | _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
| 650 | 0 | _aBusiness enterprises--Taxation--Law and legislation--United States. | |
| 650 | 0 | _aBusiness enterprises--Valuation--United States. | |
| 650 | 0 | _aTax assessment--Law and legislation--United States. | |
| 650 | 0 | _aValuation--Law and legislation--United States. | |
| 655 | 4 | _aElectronic books. | |
| 776 | 0 | 8 |
_iPrint version: _aBarr, Eric J. _tValuing Pass-Through Entities _dNewark : John Wiley & Sons, Incorporated,c2014 _z9781118848661 |
| 797 | 2 | _aProQuest (Firm) | |
| 830 | 0 | _aWiley Finance Series | |
| 856 | 4 | 0 |
_uhttps://ebookcentral.proquest.com/lib/orpp/detail.action?docID=1813672 _zClick to View |
| 999 |
_c41814 _d41814 |
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