Business Valuation Services

Howard W. Slutsky, CPA, CVA is licensed as a Certified Valuation Analyst (CVA) through the National Association of Certified Valuation Analysts to provide the following services:

  • Business Valuation
  • Litigation Support
  • Business and Strategic Plans
  • Profit Enhancement
  • Re-engineering
  • Economic Loss Analysis
  • Partner Disputes
  • Buy/Sell Agreements
  • Financing
  • Charitable Contributions
  • Management Consulting
  • Succession and Estate Plans
  • Bankruptcy

Contact us today to learn more or to schedule an appointment.

Image of IRS Form 1040
 

  

IRS Releases Business Valuation Guidelines

Columbus, OH - July 7th, 2008 -

On July 27, 2006, the IRS released its new Business Valuation Guidelines. Its purpose is to provide guidelines applicable to IRS Valuation Engineers, Appraisers, Valuation Specialists and others engaged in valuation practice (referred to as “Valuators” in the document) relating to the development, resolution and reporting of issues involving business valuations.

 

The guidelines are available at the NACVA website: http://www.nacva.com/PDF/IRS_BV_Guidelines.pdf or just the section on Business Valuations at http://www.nacva.com/PDF/IRS_Guide_02.pdf

These guidelines were released as a part of the recent Pension Protection Act of 2006, which was signed into law by President Bush on Thursday, August 17th.
  
Why would I need a CVA?

Any time it is necessary to place a professional assessment of value on a business, you'll want to strongly consider a Certified Valuation Analyst. Whether a business is determining whether to sell, to offer shares, dissolve and distribute assets, or the business is part of an estate settlement, it is wise to work with a reliable valuation specialist. Our firm possesses the valuation expertise and financial experience to provide accurate assessments of business assets and goodwill.

 
 
HOWARD SLUTSKY-CVA

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Discharge of Tax Debt Through Bankruptcy

Always a last resort, it may be possible to discharge your tax debt if you are in bad financial straights. Tax liabilities must meet a certain criteria to be discharged in bankruptcy. These include:

  1. the return not being fraudulent
  2. the taxpayer not guilty of tax evasion
  3. that the age of the tax liability is at least three years old.

There are also requirements on taxes being filed on time and paid prior to the liability becoming delinquent.
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