Povlich to Present on Discount for Lack of Marketability at Upcoming NJCPA Conference

Determining a discount for lack of marketability will be the subject of an upcoming presentation by Todd Povlich, Partner at MPI, at the 2018 NJCPA Business Valuation and Litigation Services Conference.

Read More

Blog Tag View

MPI Case Alert: Cahill & Morrissette

Developments in the Cahill and Morrissette cases in June 2018 are expected to have significant ramifications on the structuring of split-dollar life insurance arrangements and may also have broader implications on intergenerational wealth planning and family entity structuring.  

Read More

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Proposed 2704 Regulations to be Withdrawn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