The death of a loved one is always difficult but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities. More Miscellaneous Details If an estate must file income tax or estate tax returns, a federal employer identification number (EIN) must be obtained from the IRS….
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Consider Tax Issues When Valuing a Business for Divorce
Let’s say divorcing spouses own part of the stock in a closely held corporation. This may be one of their biggest marital assets, and often one spouse decides to buy out the other party’s shares by transferring some assets in exchange for the stock. Before jumping headfirst into these transfers, it’s important to consider the…
Driving the Value of a Business
In today’s environment, it’s important for business owners to focus on the value of their company and what drives it. The objective of this article is to look at value drivers for operating businesses, as opposed to businesses that are asset-based, such as real estate or securities holding companies. Under the market and income approaches, operating…