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  What’s Up with Revenue Ruling 59-60?

Revenue Ruling 59-60 is the primary ruling providing guidance f or the valuation of closely held common equity interests. When issued in 1959, the ruling specifically referred to valuing “… the stock of closely held corporations where market quotations are not available.”

In 1968 the following paragraph from Revenue Ruling 68-609 expanded the scope of Revenue Ruling 59-60: “The general approach, methods, and factors, outlined in Revenue Ruling 59-60, as modified, are equally applicable to valuation of corporate stocks for income and other tax purposes as well as for estate and gift tax purposes. They apply also to problems involving the determination of the fair market value of business interests of any type, including partnerships and proprietorships, and of intangible assets for all tax purposes.”

It is expected in the valuation community that the original text of Rev. Rul. 59-60 will be revised by the Service in the near future, though few expect major changes.

Business Valuation Articles
  Good Business Intermediaries Can Attract the Right Investors
  Marketability Misconceptions
What’s Up with Revenue Ruling 59-60?
   In re: Marriage of Hewitson
  Selecting a Business Appraisal Firm
  Forensic Accounting in Divorce Matters
  Standard of Value is Everything
  Why is the Date of Valuation Important
  In re: Marriage of Duncan
  Why do we take a Minority Discount
  What’s the Difference Between a Control Premium and a Minority Discount
  What is “Fair Value” Anyway
  Mart v. Severson
  ABCs of Appraiser Credentials
  “Core Earnings” Measure Alters Landscape
  What is USPAP
  How much Should a Business Appraisal Cost
  What is Investment Value Anyway
  Mediation-Valuation gives parties opportunity to “work-through” valuation    to reach compromise
  What is Forensic Accounting
  Current Lessons for U.S. Equity Investors
  Apportionment Methods - Pereira-VanCamp
  Highest and Best Use..
  Minority Shareholder Oppression – Fraud Investigation
  What's Real?
  Report Types and Level of Service
  Testimony and the Valuation Expert
  The Art of the Deal
  INC. Magazine article: What is your company worth NOW?
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