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Mercer’s Musings #1: USPAP and the Internal Revenue Service

Chris Mercer

This first musing relates to the need (or not) to comply with the Uniform Standards of Professional Appraisal Practice promulgated by The Appraisal Foundation in gift and estate tax appraisals prepared for the Internal Revenue Service. Regarding business appraisers, I cannot find a direct requirement that USPAP be followed.

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USPAP Standards Rule 9-4 Creates a Problem for Business Appraisers

Chris Mercer

There Is a Problem in Business Appraisal Land. There were significant changes in Standards Rule 9-4 of the Uniform Standards of Professional Appraisal Practice regarding the development of business appraisals between 2005 USPAP and 2006 USPAP. louis video when looking for a video marketing company.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Josh Putnam | Ernst & Young LLP Business valuation professional with extensive experience in the valuation of the business enterprise, equity and intangible assets. Manish has supervised and performed diverse valuation engagements for over 20 years involving business enterprises, intangible assets, equipment, and facilities.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974. He specializes in the valuations of business enterprises and their intangible assets. is a partner and the leader of the National Matrimonial and Business Valuation groups of Marcum LLP.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Marsac specializes in business enterprise valuations and intangible-asset valuations. Marsac holds the designations of both chartered financial analyst (CFA) and accredited senior appraiser (ASA). Jacquelyn Marsac | VRC Ms.

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VALUING A CAR DEALERSHIP

The Mentor Group

If the real property is owned inside the business, then the valuation treatment is another complication, especially with high real estate values in California. Appraise the real estate. Value the business enterprise (BEV) based on the reasonable market rent. Estimate a reasonable market rent.

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No Marketability Discounts or Discounts for Illiquidity for Controlling Interests of Companies

Chris Mercer

However, in most circumstances, transaction costs are not factored into the appraisal of the subject interest since the pricing information of frequently traded comparable securities is not adjusted for these factors.” Appraisers use transaction multiples from transactions in similar companies with the guideline transactions method.