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| Valuing Complex Family Limited Partnerships and LLCs(170609A_N) |
Course CPEs: 2 Hour
Fields of Study: Accounting–1 hr; Finance–1 hr
Program Level: Overview
Prerequisites: None required. These overview programs may be appropriate for professionals at all organizational levels.
Advanced Preparation: None
Delivery Method: Self-Study |
Item
Number: 17PBVCHI0609A
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: June 9, 2017
Presenter: Bruce Johnson
Program Description:
Using an analytical method for valuing FLPs, including the Income and Market Approaches, allows appraisers to more accurately and objectively determine value. As professional methodology has advanced, there are certain types of partnerships that may be considered complicated. This webinar will focus on valuing complex FLPs, including: high debt real estate FLPs, multiple asset FLPs, oil and gas FLPs, and non-income producing FLPs using case studies. In addition, issues such as how to handle the FLPs that own privately held stock, multiple (stacked) partnership interests, venture capital funds, general partnership interests, and promissory notes.
After completing this course, you will be able to:
- Determine the pitfalls of using average discounts from studies when valuing FLP interests
- Identify and Explain how the Tax Court responded to FLP appraisals that are not objectively supported with empirical data
- Determine and utilize the proper data to support the determination of discount rates
- Identify and summarize the criteria necessary for the selection of guideline entities
- Differentiate and prepare a bullet proof appraisal that will accurately determine the correct value and be supportable
- Select and use case studies to illustrate the step by step procedures on how to apply practical methods to value complex FLP interests
- Recognize common problems; analyze and select the proper data to support their conclusions
- Identify and prepare an appraisal that will withstand the scrutiny of the IRS and the Tax Court
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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