Business Valuation Resources, LLC

BVR's 5th Annual Online Symposium on Estate & Gift Tax: Part 3
Using Empirical Data to Value Family Limited Partnerships

Date: Tuesday, December 4, 2012
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

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Subscribe to BVR's Online Symposium on Estate & Gift Tax - $599

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More information is available below

Featuring (click image for more information):

Bruce Johnson
Munroe, Park & Johnson, Inc.

Why You Should Attend

Recent scrutiny on the part of the Tax Court in reviewing discounts for lack of marketability and control has placed renewed emphasis on the accuracy and defensibility of these adjustments to limited partnership interest appraisals. In addition to objecting to how discounts are substantiated the Court has expressed dissatisfaction how empirical data is used to derive these discounts and the subjectivity in which those discounts were determined.

In "Using Empirical Data to Value Family Limited Partnerships," part 3 of BVR's Online Symposium on Estate & Gift Tax, expert Bruce Johnson explains the best practices by which to select and apply empirical data to FLP valuations. Given recent decisions from the courts and other reviewers Johnson's presentation is not to be missed.


  • Valuing FLPs Using the Traditional Method
    • The Asset Based Approach Using a Case Study
    • Relevant Court Cases
    • Pitfalls of Using General Averages
  • Alternative Approaches Using a Case Study
    • The Income Approach and Rates of Return
    • The Market Approach and using Market Data
    • Determining a Discount for Lack of Marketability
  • Important Points to Remember

Learning Objectives

  • Learn the objectives and shortcomings of traditional approaches to valuing family limited partnerships (FLPs)
  • Learn what the courts are saying about FLP valuation and what this means for the appraisal process
  • Understand how to apply rates of return to the income approach to valuing FLPs and market data to the market approach
  • Understand the methodology through which discounts for lack of marketability, control, and liquidity are determined and applied

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CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Taxes and Specialized Knowledge & Applications)

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BVR's Guide to Business Valuation Issues in Estate and Gift Tax

While estate and gift tax issues is still one of the top revenue producers for business appraisers, this area of the valuation industry continues to face new challenges.

Issues such as tax-effecting S-Corporations, non-signing tax preparer penalties, and legal challenges from the IRS continue to complicate the estate and gift arena. It is crucial for appraisers practicing in this area to stay current with the legal arguments, regulations and technical theory that apply to estate and gift issues relating to the business valuation profession.

BVR's 5th Annual Online Symposium on Estate & Gift Tax
Recent Cases, Rulings and Interpretations in Estate & Gift Tax Valuation
Tuesday, February 5, 2013
Featuring: Linda Trugman and L. Paul Hood
OD Pack Past events from the Online Symposium on Estate & Gift Tax
Family Limited Partnerships: The Current Landscape
Tuesday, October 2, 2012
Featuring: John Porter
Non-marketable Investment Company Evaluation Method
Thursday, November 8, 2012
Featuring: William Frazier and Ashok Abbott
Using Empirical Data to Value Family Limited Partnerships
Tuesday, December 4, 2012
Featuring: Bruce Johnson
Pass-Through Entity Discounts for Built-In Capital Gains Taxes
Tuesday, January 8, 2013
Featuring: Mel Abraham and William Frazier

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