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Nov 16, 2017

How a Valuation’s Purpose Affects Its Value

What is the value of my business? That’s the question every business owner wonders from time to time. But the correct answer varies depending on the purpose of the appraisal. Different rules and “standards of value” may apply in different circumstances. Fair Market Value In the United States, the most widely recognized and accepted standard…

Nov 13, 2017

Know the Rules for Amending a Federal Income Tax Return

What should you do if you discover an error on a previously filed individual tax return? For example, you might have missed some tax-saving deductions and credits on your 2016 personal federal income tax return that you filed in February. Or you might have recently discovered that you failed to claim some legitimate tax breaks…

Nov 9, 2017

Give Back and Save Taxes with Charitable Contributions

As year end approaches, you may be thinking about making some charitable donations. Here’s a rundown of the potential tax breaks for your generosity. Donating Clothing and Household Items When it comes to your old clothes, furniture, linens, electronics, appliances, and the like, the general rule is that you can claim deductions only for items…

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Recent Posts

  • Converting Future Damages to Present Value
  • New Law Reduces Tax Odds for Gamblers
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  • How Industry Fits into the Valuation Puzzle
  • Timing Is Everything: How to Handle Subsequent Events in Valuation

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