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October 2018 » Tax Effecting and the Valuation...
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Daniel Tinkelman, PhD, CPA
In BriefOne of the key elements of the Tax Cuts and Jobs Act of 2017 is its lowering of corporate tax rates. As a result, the valuation of pass-through entities may now be simplified, as the more complex models used in the past to compare pass-through entities to C corporations should no longer be necessary. The author argues that, in the current environment, the IRS should reconsider its position on tax effecting, an approach which will likely lead to more accurate valuations of pass-through entities such as service companies, which will not receive the most beneficial treatment under the TCJA.
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