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Valuator Capacity Will Be an Issue for Last Minute Gifts

by Brian Bornino

By now, everyone knows that 2012 represents an unprecedented opportunity to transfer substantial wealth through gifting.  GBQ and countless others have written pieces encouraging wealthy taxpayers to consider this strategy. What hasn’t been mentioned often is that to support any transfer, business owners will require a comprehensive valuation analysis and report that meets the IRS’ […]

Posted in Valuation Observations | Comments »

Real Federal Deficits Increase Faster Than the Official Amount

by Associate

The Congressional Budget Office currently projects a budget deficit of $1.3 trillion in 2012.  To put it into perspective, that’s an average of around $4,200 for every man, woman and child in the U.S.  If we just include the working age population (individuals between the ages of 18-64) the borrowing increases to $6,700 per person […]

Posted in Audit & Tax Talk | Comments »