0

According to the SBA Standard Operating Procedure SOP 50-10 5(c) “if the amount being financed, minus the appraised value of real estate and/or equipment, is greater than $250K, or there is a close relationship between buyer & seller, the lender must obtain an ‘independent’ business valuation from a ‘qualified’ source.”

Tips on choosing a “qualified” Business Valuation Company: [...]

Continue Reading

0

Boltar, L.L.C. Joseph Calabria, Jr., Tax Matters Partner, Petitioner vs. Commissioner of Internal Revenue Service, Respondent, 136 T.C. No. 14, Dated April 5, 2011.

The Facts: 

Boltar, L.L.C. (Boltar) claimed a federal income tax deduction for a conservation easement as a qualified conservation contribution of $3,245,000 on their timely filed partnership return.   The IRS disallowed all but $42,400 of the charitable contribution deduction.  The case was brought before the Court to determine the admissibility of Boltar’s experts appraisal of the conservation easement donation at trial. [...]

Continue Reading