Pass-through entities have unique income tax characteristics which must be considered as part of a thorough business valuation, such as owner level income taxes on pass-through income, and potential taxes on dividends and capital gains. This area of valuation continues to evolve for both controlling and non-controlling interests.
BENEFITS
* Recognize the characteristics of pass-through entities and impact on valuation theory.
*Recall the history and current positions of IRS and Tax Court treatment of pass-through entities.
*Identify the various models used by some to value controlling and non-controlling interests in pass-through entities.
COURSE LEVEL
Intermediate