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Search results with tag "Business interests"
CONTACT INFORMATION APPRAISEMENT, ALLOWANCE OR
www.revenue.pa.govVALUATION Generally, valuation is based on the fair market value as of the decedent’s date of death. Special rules apply for valuation of life estates and future interests created by a decedent. See the instructions for Schedules K and M for more information. Special rules also apply to the taxation of farmland and small business interests.
VALUATION DISCOUNTS AND PREMIUMS
edu.nacva.comRevenue Ruling 59- 60 sets forth the premise that valuation of closely held business interests is not an exact science and reasons that sound valuations result from: Consideration of all relevant facts Use of common sense Exercise of informed professional judgment Application of reasoned assessment