Scott A. Womack, ASA, MAFF, Senior Vice President, will present “Will Kress v. US Change Your Life? Or Will It Change Your Valuation Practice?” at the upcoming Forensic and Valuation Services Conference hosted by the Tennessee Society of CPAs (October 23rd).
Should Kress be immediately considered as support for tax-affecting earnings of a pass-through entity? In this session, Scott Womack tackles that question by taking a deep dive into the case including viewpoints from the participating experts, presenting the views of other commentators, and discussing the appeal by the IRS and its withdrawal.
Key learning objectives include:
- Understand the key issues of Kress and their importance to your practice
- Review of arguments regarding tax-affecting vs. not tax-affecting
- Have knowledge of the range of opinions re Kress
- Understand how Kress impacts valuation of pass-through entities
Scott is active in family law litigation (traditional litigated divorce and collaborative divorce) and corporate valuation and leads Mercer Capital’s Auto Dealer Industry team. He assists estate planning attorneys in federal and state valuation matters, family law attorneys in divorce matters (including business valuation, forensic accounting, division of marital estate, etc.), and small business owners involving the potential sale of their businesses. Scott has testified in several jurisdictions involving family law matters and has also testified in Tax Court. He is a featured speaker for auto dealer industry groups, family law associations, attorneys, accountants, business appraisers, and business professionals on various valuation and financial advisory topics.