Blog Tag View

Proposed 2704 Regulations to be Withdrawn

On October 2, 2017, Treasury Secretary Steven Mnuchin issued a report recommending, among other changes, the complete withdrawal of proposed regulations under Section 2704 of the Internal Revenue Code. The proposed regulations had caused significant concern amongst owners of closely held businesses and their advisors since being released in August of 2016. Business owners, advisors and members of the business valuation community flooded the IRS with comments and appeared at a public hearing to indicate that the proposed regulations were overreaching, created far too many hypothetical and unrealistic circumstances, and would lead to unintended consequences, including overvaluation in cases where discounts for lack of control and lack of marketability were warranted.

Read More

Blog Tag View

MPI Launches New Philadelphia Office

MPI, a prestigious national consulting firm founded in 1939 specializing in business valuation, litigation support and corporate advisory work, has opened a Philadelphia office to serve as national headquarters for its new forensic accounting and economic damages practice. MPI’s Philadelphia office will also support its growing Pennsylvania client base, as well as its traditional business valuation and litigation support services.

Read More

Blog Tag View

Tax Reform’s Potential Impact on the S Corporation Valuation Debate

The Trump Administration and the “Big Six” have provided a general framework for tax reform and are promising to release more details as early as this week. While tax reform is still subject to significant changes in scope and direction, we are left to ponder a number of possibilities when it comes to future C corporation and pass-through entity tax rates.

Read More