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Some in the business appraisal community have publicly noted that the McCord Reversal sheds no light on the topic of valuations of family limited partnership interests. While it is clear the Fifth Circuit did not endorse what either expert did, there are specific valuation pronouncements made in the Fifth Circuit's decision. The Fifth Circuit held that the Tax Court valuation methodology in McCord was erroneous and to be disregarded.
So how does the recent reversal effect business valuators? The panel discussed the facts pertaining to the new decision, as well as how this will change current appraisal processes for business valuators. Now's your chance to hear the experts directly involved speak on this controversial topic.
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