An independent and well-supported valuation is an important part of tax compliance or a tax-planning strategy.
Marcum assists individuals, corporate clients, tax attorneys, and others with valuation issues related to tax matters.
Estate and Gift Tax Compliance and Planning
Obtaining a reliable third-party opinion of value is an important part of successful estate planning strategy and execution. Following the standards of our profession expected by the IRS, we have successfully documented hundreds of transfers for estate and gift tax compliance purposes.
The valuation of closely held businesses for estate and gift tax purposes is a specialty within the business valuation arena. It requires in-depth knowledge of the fair market value standard, understanding of the Special Valuation Rules of Chapter 14 of the Internal Revenue Code, analysis of the subject entity’s corporate documents and the rights and restrictions of the interest being valued, and knowledge of the empirical data available to support valuation discounts. We are well-versed in these topics, as well as in complex emerging issues, including tiered-entity discounts and formula clauses.
Corporate Reorganizations
Marcum has deep expertise in advising our corporate clients and their tax counsel on valuation issues in domestic and cross-border tax reorganizations.
Our services include:
- Valuations of business and legal entities.
- Valuations of intangible assets.
- Debt restructuring/forgiveness.
Discount Studies for Estate Planning Vehicles and Investments Subject to Lock-Ups
Valuation considerations for popular estate planning vehicles, such as family limited partnerships ("FLPs") and family limited liability companies ("FLLCs"), are constantly evolving. Tax court cases continue to influence many issues that affect the already complex terms of these entities’ agreements, and the effect that the ever-increasing complexity has on valuation of interests in FLPs and FLLCs. Having performed numerous valuations of FLPs and FLLCs, as well as having successfully defended our valuations before the IRS, we bring a deep understanding of the issues that affect the valuation of the interests in these entities.
We leverage our expertise in alternative asset classes, such as hedge funds and private equity, to offer an insight into an impact of the fund- and the investor-level lock-ups, gates, and other restrictions; and on the discounts that may be applicable to the interests in the pooled investment vehicles that invest in alternative asset classes or strategies. We are routinely sought out by wealth management advisors, hedge fund managers, investors, attorneys, and other parties to model the impact of these restrictions and to advise on a magnitude of the discounts.
Issues Related to Valuation of "S" Corporations and Other Pass-Through Entities
The valuation of Subchapter S Corporations and other pass-through entities is one of the most controversial issues in business valuation today. Members of our staff are nationally known experts, having been in the forefront of the discussion on this important topic.
Related News
September 30, 2019
As Seen In
Construction Executive published an article by Valuation & Litigation Services Director Patrice Radogna and Valuation Group Leader Ken Pia, about the benefits of ESOPs as an exit strategy for owners of multi-generational construction companies.
The “typical” options for company owners preparing to exit, such as sale to a third party or sale to a private equity, are frequently not ....
January 22, 2018
As Seen In
New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.
Just weeks into 2018, cryptocurrencies continue to dominate the headlines while on their way to potentially becoming mainstream. The complexities of these digital financial instruments ....
Valuation & Litigation Advisor - December 2017
Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune
Marcum LLP took top honors in multiple categories of the Connecticut Law Tribune’s 2017 “Best Of” survey, winning one or both of the top two ....
Valuation & Litigation Advisor - December 2017
Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes
Many of the valuations completed by Marcum LLP are for purposes of compliance with U.S. Generally Accepted Accounting Principles (GAAP), often referred to as Valuations ....
Valuation & Litigation Advisor - October 2017
Valuing a Business: The Site Visit and Management Interview
The site visit and management interview are an essential part of the process of developing a business valuation opinion.
Valuation & Litigation Advisor - October 2017
Painting a Picture of the Parties' True Income in Divorce
Determining the assets and earnings in a divorce engagement is often a complex task. While the divorcing parties may begin the process working toward the ....
October 01, 2017
As Seen In
Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.
BVU had the pleasure of speaking with some of the dedicated individuals who serve as members of the Business Valuation Committee of the American Society ....
June 20, 2017
As Seen In
Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.
For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.
May 10, 2017
As Seen In
BV Wire featured Marcum's merger with Meyers, Harrison & Pia.
Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice ....
May 07, 2017
As Seen In
The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.
Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services ....
May 04, 2017
As Seen In
The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.
Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.
May 01, 2017
As Seen In
Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.
Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in ....
May 01, 2017
As Seen In
Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.
MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firms partners frequently serve as expert witnesses during ....
May 01, 2017
As Seen In
The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.
Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its ....
May 01, 2017
Press Release
Marcum LLP Merges in Meyers, Harrison & Pia
Marcum LLP announced today that Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) have merged into the ....
Contacts
Select the region to view contacts.
New Haven, CT
CT
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
DOWNLOAD THE MARCUM ON THE GO APP
