On May 13, 2013 the Internal Revenue Service sent a Notice of Deficiency to the Estate of Michael J. Jackson (yes, that Michael Jackson) asserting an increase in tax approximately $505,000,000, penalties of approximately $197,000,000, or total taxes and penalties of $702,000,000, plus interest to be determined. Not surprisingly, most of the issues involved valuation.
While we generally don't have cases quite that large in Western New York, the issues are the same. The panel will be discussing recent trends in the valuation of closely-held businesses, real estate, and natural resource assets (timber, oil and gas, etc.)
June 03, 2014
Monroe County Bar Center for Education
Professional Practice Credits: 1.50
New York (Skills): 0.50
You must be logged in to access MCBA Subscriptions.
To continue, you need to log in to FastCLE.com. If you have any questions about your account please contact us at 1-866-702-3278.
Full Price: $100.00