Language Switcher Module

Cash Held in Partnerships May be Subject to Significant Discounts

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  "post_summary": "<p>Often, cash and cash equivalents held by partnerships are considered by the IRS to be subject to no discounts or to only minimal discounts, because of the obvious liquidity. However, let’s take a look at the recently decided Tax Court case, Estate of Kelley v. Commissioner, T.C. Memo 2005-235, which considers the question of discounts applied to the interests of a family limited partnership held by the Estate. The partnership’s assets consisted solely of cash and certificates of deposit. In this case the overall discount allowed by the court was an amazing 32%! Why?</p> \n",
  "title": "Cash Held in Partnerships May be Subject to Significant Discounts",
  "topicNames": [
    "Articles",
    "Valuation",
    "Hide Date"
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Defense Spending Slowdown Might Slow M&A Activity and Supress Values

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  "featuredImageHeight": 0,
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  "post_summary": "<p>I recently returned from a meeting on the west coast attended by CEO’s, corporate development officers, and industry advisors to the defense and aerospace industry. The managing director of a large international investment bank best summed up the sentiment of the participants when he said, “I wish I were here to say we are entering a big M&amp;A cycle. Rather, we think we are entering a period that will be filled with soul searching and analysis.”</p> \n",
  "title": "Defense Spending Slowdown Might Slow M&A Activity and Supress Values",
  "topicNames": [
    "Aerospace & Defense",
    "Articles",
    "Hide Date",
    "M&A"
  ]
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            "post_summary": "<p>Often, cash and cash equivalents held by partnerships are considered by the IRS to be subject to no discounts or to only minimal discounts, because of the obvious liquidity. However, let’s take a look at the recently decided Tax Court case, Estate of Kelley v. Commissioner, T.C. Memo 2005-235, which considers the question of discounts applied to the interests of a family limited partnership held by the Estate. The partnership’s assets consisted solely of cash and certificates of deposit. In this case the overall discount allowed by the court was an amazing 32%! Why?</p> \n",
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