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TAX COMPLIANCE

Valuations are a critical element of successful tax planning strategies. Houlihan has numerous years of experience providing objective valuations for tax compliance.

Houlihan's opinions of value are well-reasoned and well-documented which provide critical support for any potential challenge, although the consequence of our thorough, well-reasoned and well-documented work has resulted, in the overwhelming majority of the time, in quiet acceptance by the IRS and state and local taxing authorities.

Some of the fair market value issues we assist our clients with include:

  • Purchase price allocations for domestic and international transactions-Sec. 1060 and Sec. 338
  • Gain and loss in corporate liquidations-Sec. 331
  • Contributions in-kind and like-kind exchanges
  • Gain or loss in transfer of partnership interests-Sec. 754
  • Set valuations and transfer prices for state and federal tax purposes-Sec. 482
  • Allocation of corporate interest expense-Sec. 861
  • Valuations of assets or securities donated to a charity-Sec. 170
  • Built-in gains-Subchapter S and Sec. 382
  • Asset and security valuations for estate and gift tax purposes
  • Property tax appeals
  • Worthless stock deductions-Sec. 165
  • Nonqualified deferred compensation-Sec. 409A

Please contact us at 312-499-5900 for more information to discuss your tax compliance situation and to learn more about the valuation process.