Valuing and Dividing Businesses in Divorce Cases - Revenue Rulings
Fair market value is defined by Revenue Ruling 59-60.
When it comes to valuing and dividing businesses in divorce cases, Revenue Ruling 59-60 provides a list of eight key items that should be considered in a business valuation including the nature of the business and the history of the enterprise from its inception, the economic outlook in general and the condition and outlook of the specific industry, and the book value of the stock and the financial condition of the business, to name a few of the items on the list. This white paper reviews the remaining items on the list and provides more detail on Revenue Ruling 59-60.
Practice emphasizes all aspects of business valuation, forensic accounting, and mediation
Certified Public Accountant who is qualified as a financial expert to value businesses, determine net income, and complete financial investigations
Conducts regular seminars and workshops and has spoken nationally to the Association of Fraud Examiners, the Federal Bureau of Investigation, AAML, and the American Society of Appraisers
Author of several publications about business valuation, forensic accounting, and child custody issues, along with the textbook Accounting for Divorce
Featured in Fortune Magazine, Newsweek, and on the Sky Radio Network as one of America’s Premier Lawyers; only person in the country who is a fellow of the American Academy of Matrimonial Lawyers; Senior Appraiser with the American Society of Appraisers; Accredited Business Valuator with AICPA and a Certified Fraud Examiner; named a LexisNexis Martindale-Hubbell AV-rated attorney and an Illinois Super Lawyer as well as a Top-10 collaborative attorney in Illinois
Fellow of the Collaborative Law Institute of Illinois and a member of the International Academy of Collaborative Professionals and is exceptionally qualified to encourage the collaborative process from a multidisciplinary perspective