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Business Valuation Of Pass Through Entities, Mark Brough
Business Valuation Of Pass Through Entities, Mark Brough
Undergraduate Honors Capstone Projects
The majority in the business valuation profession believe that the proper way to value a "pass through" entity is to tax affect the earnings. This may be the traditional understanding, but recent court cases such as Estate of Walter L. Gross suggest that tax affecting may not be valid. The focus of this paper is to analyze the arguments presented by valuation experts in the Tax Court for and against tax affecting the earnings of a pass through entities.