Empirical Methods for Valuing Family Limited Partnerships and LLCs

Description

A common method of valuing FLP interests has been the use of averages from published discount studies. This method has not held up in Tax Court due to several shortcomings. The use of the empirical methods in the Income and Market Approaches allows appraisers to determine a value more accurately and objectively. This presentation will focus on calculating the value of an FLP interest using the same methodology the speaker successfully used in Tax Court and audits. The speaker will share his opinion on advanced topics and use a case study to illustrate the application of these methodologies.

This course is part of the 2024 Forensic and Valuation Services Conference Bundle. Purchase the conference bundle here.