Whether to tax-affect S corporation earnings ranks at the top of the most controversial topics in business valuation today. Dozens of articles have been written on the subject, not to mention tens of conference presentations given. As we all know, courts have issued diverging opinions on tax-affecting, generating even more confusion and controversy. Decisions like Gross, Adams, and Heck have not shed any light on this murky pond, but instead have muddied the waters even further.

The recording of our August 13, 2002 telephone conference will shine the spotlight on this controversial issue, and answer your most pressing questions about valuing and tax-affecting S corporation earnings. The panel was composed of nationally renowned business valuation experts Dr. Mukesh Bajaj, LECG, LLC; George Hawkins, ASA, CFA, Banister Financial; and Z. Christopher Mercer, ASA, CFA, Mercer Capital. The moderator was our editor-in-chief, Dr. Shannon P. Pratt, CFA, FASA, MCBA.