Marcum LLP
Valuation & Litigation Support

Tax

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An independent and well-supported valuation is an important part of tax compliance or a tax-planning strategy.

Marcum assists individuals, corporate clients, tax attorneys, and others with valuation issues related to tax matters.

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Related Services:      Corporate Transactions   |   Disputes & Litigation   |   ESOP Valuation Services   |   Financial Reporting   |   Industry-Focused Practice Areas   |   Tax

Estate and Gift Tax Compliance and Planning

Obtaining a reliable third-party opinion of value is an important part of successful estate planning strategy and execution. Following the standards of our profession expected by the IRS, we have successfully documented hundreds of transfers for estate and gift tax compliance purposes.

The valuation of closely held businesses for estate and gift tax purposes is a specialty within the business valuation arena. It requires in-depth knowledge of the fair market value standard, understanding of the Special Valuation Rules of Chapter 14 of the Internal Revenue Code, analysis of the subject entity’s corporate documents and the rights and restrictions of the interest being valued, and knowledge of the empirical data available to support valuation discounts. We are well-versed in these topics, as well as in complex emerging issues, including tiered-entity discounts and formula clauses.

Corporate Reorganizations

Marcum has deep expertise in advising our corporate clients and their tax counsel on valuation issues in domestic and cross-border tax reorganizations.

Our services include:

  • Valuations of business and legal entities.
  • Valuations of intangible assets.
  • Debt restructuring/forgiveness.

Discount Studies for Estate Planning Vehicles and Investments Subject to Lock-Ups

Valuation considerations for popular estate planning vehicles, such as family limited partnerships ("FLPs") and family limited liability companies ("FLLCs"), are constantly evolving. Tax court cases continue to influence many issues that affect the already complex terms of these entities’ agreements, and the effect that the ever-increasing complexity has on valuation of interests in FLPs and FLLCs. Having performed numerous valuations of FLPs and FLLCs, as well as having successfully defended our valuations before the IRS, we bring a deep understanding of the issues that affect the valuation of the interests in these entities.

We leverage our expertise in alternative asset classes, such as hedge funds and private equity, to offer an insight into an impact of the fund- and the investor-level lock-ups, gates, and other restrictions; and on the discounts that may be applicable to the interests in the pooled investment vehicles that invest in alternative asset classes or strategies. We are routinely sought out by wealth management advisors, hedge fund managers, investors, attorneys, and other parties to model the impact of these restrictions and to advise on a magnitude of the discounts.

Issues Related to Valuation of "S" Corporations and Other Pass-Through Entities

The valuation of Subchapter S Corporations and other pass-through entities is one of the most controversial issues in business valuation today. Members of our staff are nationally known experts, having been in the forefront of the discussion on this important topic.

Related News

New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.


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New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.

Just weeks into 2018, cryptocurrencies continue to dominate the headlines while on their way to potentially becoming mainstream. The complexities of these digital financial instruments ....

Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune


Valuation Advisor - December 2017

Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune

Marcum LLP took top honors in multiple categories of the Connecticut Law Tribune’s 2017 “Best Of” survey, winning one or both of the top two ....

Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes


Valuation Advisor - December 2017

Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes

Many of the valuations completed by Marcum LLP are for purposes of compliance with U.S. Generally Accepted Accounting Principles (GAAP), often referred to as Valuations ....

Valuing a Business: The Site Visit and Management Interview


Valuation Advisor - October 2017

Valuing a Business: The Site Visit and Management Interview

The site visit and management interview are an essential part of the process of developing a business valuation opinion.

Painting a Picture of the Parties' True Income in Divorce


Valuation Advisor - October 2017

Painting a Picture of the Parties' True Income in Divorce

Determining the assets and earnings in a divorce engagement is often a complex task. While the divorcing parties may begin the process working toward the ....

Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.


As Seen In

Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.

BVU had the pleasure of speaking with some of the dedicated individuals who serve as members of the Business Valuation Committee of the American Society ....

Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.


As Seen In

Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.

For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.

BV Wire featured Marcum's merger with Meyers, Harrison & Pia.


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BV Wire featured Marcum's merger with Meyers, Harrison & Pia.

Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice ....

The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.


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The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.

Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services ....

The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.


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The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.

Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.

Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.


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Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.

Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in ....

Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.


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Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.

MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firms partners frequently serve as expert witnesses during ....

The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.


As Seen In

The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.

Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its ....

Marcum LLP Merges in Meyers, Harrison & Pia


Press Release

Marcum LLP Merges in Meyers, Harrison & Pia

Marcum LLP announced today that Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) have merged into the ....

Newsletter

Valuation Advisor

Monthly update on topics relating to business valuation and litigation support.

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Contacts

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Kenneth J. Pia, Jr, Partner-in-Charge, Business Valuation Services, Valuation & Litigation Support
Practice Leader
Partner-in-Charge
Business Valuation Services
Valuation & Litigation Support
New Haven, CT
CT

Anthony  Banks, Director, Advisory
Director
Advisory
Fort Lauderdale, FL
FL

Nancy  Fannon, Partner-in-Charge, Litigation Support Services, Valuation & Litigation Support
Partner-in-Charge
Litigation Support Services
Valuation & Litigation Support
Portland, ME
ME

Cecelia  Garber, Partner, Advisory
Partner
Advisory
Fort Lauderdale, FL
FL

Carla  Glass, Managing Director, Valuation & Litigation Support
Managing Director
Valuation & Litigation Support
New Haven, CT
CT

David  Glusman, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

 
Mark  Harrison, Valuation & Litigation Services Leader, Valuation & Litigation Support
Valuation & Litigation Services Leader
Valuation & Litigation Support
New Haven, CT
CT

Ilan  Hirschfeld, Partner-in-Charge, Advisory - New Jersey, Advisory
Partner-in-Charge
Advisory - New Jersey
Advisory
Neptune, NJ
NJ

Vladimir  Korobov, Partner, Valuation & Litigation Support
Partner
Valuation & Litigation Support
New Haven, CT
CT

Arlen  Lasinsky, Director, Advisory
Director
Advisory
Deerfield, IL
IL

Daniel  Roche, Partner, Advisory
Partner
Advisory
New York, NY
NY

Bradford  Taylor, Director, Advisory
Director
Advisory
Boston, MA
MA

 
Edward  Waddington, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

 
 
 
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Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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