PICPA Boards and Blogs

By John J. Barton, CPA, ASA The Federal Court of Appeals, Eleventh Circuit, reversed the Tax Court’s decision regarding the Estate of Frazier Jelke III1 on Nov. 15, 2007. Business appraisers, especially those performing valuations for the purposes of estate and gift tax, will be pleased with the prospect of taking a 100 percent, ...

By Larry S. Blair, CPA, JD, and Leilani Medina Costa, CPA, JD Businesses often have various types of intangible assets that enhance their value. But any time there is a transaction involving these intangible assets, subtle, yet significant, tax considerations may arise. The gain on the sale of an intangible asset will generally qualify for the ...

By Edward R. Jenkins Jr., CPA The National Starch transaction model received some prominent press coverage recently, because this is the structure being used in the pending News Corp. acquisition of Dow Jones & Co. The National Starch structure can be used when a target acquisition has both a minority ownership group of shareholders that ...

By Dennis G. Raible, CPA Regulators at the Securities and Exchange Commission (SEC) have been keeping watch the last several years for the backdating of stock options. Nationwide, more than 140 companies are under investigation by the SEC and the Department of Justice (DOJ) for possible exploitation of employee stock option rules.1The SEC first ...