2021, 04/28: Estate of Jones: Tax Court S Corp Update

Hosted By ASA's Denver Chapter

April 28, 2021 | 12:00pm – 1:30pm MT



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Denver Chapter April Meeting, with Special Guest Chris Treharne Presenting: “Estate of Jones: Tax Court S Corp Update”

Contact ASA Denver Chapter Treasurer, Nick Janiga, if you would like to attend at njaniga@hcfmv.com

Chris Treharne with Gibraltar Business Valuations will present a unique perspective on how appraisers can justify tax affecting S corporation income and still be consistent with seven prior Tax Court rulings which often have been interpreted a reaching a contrary conclusion.  To provide a bridge between the prior and latest rulings, relevant elements of the earlier rulings will be reviewed and then used to justify the Estate of Jones’ conclusions.  The program will also include an example showing recommended procedures for valuing S corporations.

Chris Treharne, ASA, MCBA, CVA

Chris Treharne is Managing Director of Gibraltar Business Valuations in Longmont, Colorado, and has been practicing as a business appraiser for more than 30 years.  He has earned the Accredited Senior Appraiser, Master Certified Business Appraiser, and Certified Valuation Analyst business valuation designations.

Having prepared numerous presentations and authored papers on S corporation valuation issues, Chris is nationally recognized as an expert on the topic.  At the request of the Honorable David Laro of the U.S. Tax Court and Dr. Shannon Pratt, he co-authored a chapter on the topic in their book, Business Valuation and Taxes:  Procedure, Law & Perspective.  His S corporation valuation model also appears in Financial Valuation Models and Applications and Fannon’s Guide to the Valuation of Subchapter S Corporations.  A white paper he co-authored was presented to the Treasury Department by the S Corporation Association, and he has co-hosted national programs on the subject, including a private program for IRS business valuation employees.

Chris is a faculty member of the American Society of Appraisers’ Principles of Valuation training courses, as well as a member of the society’s Standards Subcommittee, Government Affairs Committee, and the Editorial Review Board for the peer reviewed professional journal Business Valuation Review.  Additionally, he testified before the Treasury Department regarding the proposed IRC Section 2704 regulation. 

His academic background includes a Bachelor of Science in Electrical Engineering from the University of Iowa and a Master of Business Administration from the University of Colorado at Boulder.