by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Deductions
After a recent U.S. Tax Court decision, current deductions aren’t allowed for most expenses incurred during the start-up phase of a new business. When compared with the federal treatment of start-up expenses, it can be confusing for small business owners....
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Sometimes courts face a hard choice, having to decide between equally compelling and competent valuations. Not so in a recent fair value proceeding in which the skills gap between the testifying experts made it easy for the court to pick the winner. Biz divorce: The...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
The 1993 Daubert case says that an attorney is permitted to challenge an expert witness’s credentials, and if successful, the expert will not be allowed to testify. One case before the U.S. Court of Federal Claims shows how an expert can successfully defend...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Cavallaro v. Commissioner, 2014 Tax Ct. Memo LEXIS 189 (Sept. 17, 2014) So much for professional help! Hardworking taxpayers who built a successful business relied on estate planning professionals to effect a transfer of wealth that would minimize their tax liability....
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Much of the valuation community’s attention in the past few months has focused on New York fair value proceedings. Now the Utah Supreme Court adds more fodder to the discussion with a decision that rejects the lower court’s reliance on precedent that prohibits...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings
Escheatment could be costing your corporation substantial interest, fines or penalties. The word means turning over to your state any abandoned, lost or unclaimed property, both tangible and intangible. This property is often transferred to the government because a...
