Valuation and tax issues are inseparable. Capital structure, interest factors like control and depreciation and amortization assumptions all have a tax and a value impact. Heather Tullar and Patrice Radogna guide us through the maze of factors including rates and jurisdictions, net operating loss carryforwards and built in capital gains. In this core session you will learn to identify tax hurdles you’ll have a clear path to your value conclusion.

• Rates and jurisdictions
• Depreciation and amortization assumptions
• Net operating loss carryforwards
• Current concepts for dealing with pass through entities
• Built-in capital gains
• Interest-specific factors
"es to vary

• Identify areas in a valuation where taxes may impact concluded value
• Learn why tax expense and tax attributes of assets affect the values of firms
• Compute the effect of tax issues on values with adjustments to net income, rate of return and unrecorded tax liabilities
• Distinguish alternative circumstances and alternative methodologies for dealing with tax issues, which may have different valuation impacts
• Recognize jurisdictional facts and assumptions that may cause tax effects on values to vary