In the iconic movie, Back to the Future released in 1985, Michael Fox, Christopher Lloyd, and a modified DeLorean, travel back in time using a time-machine automobile. They were able to affect events in the past using their knowledge of the present. Business valuation... In the original 1963 Pink Panther movie, the largest diamond in the world, named the Pink Panther, is stolen from Princess Dala. Then begins Inspector Jacques Clouseau’s never-ending quest to recover the jewel. In this situation, Princess Dala needs two professionals;... The value of a business usually includes Goodwill value. But what is Goodwill? What are the different characterizations of Goodwill? Let’s go Goodwill Hunting. Goodwill The International Glossary of Business Valuation Terms defines Goodwill as “that intangible asset... In today’s do-it-yourself, online world, it doesn’t take a lot of research to find tools to do most tasks that were once only completed by professionals. Business valuations are no exception. There are a countless number of websites offering free or low cost... Having made the decision that a business valuation is required, the next step is to determine who should be contracted to execute the valuation. From a logical standpoint, one would think that a CPA, banker, or financial advisor might be a prime candidate for the job.... On September 15, 2014, the Fifth Circuit ruled in favor of the Estate of James A. Elkins seeking a $14.4 million refund for estate taxes claiming that the fractional-ownership discount advanced was improperly rejected. In the Estate of Elkins, Jr. v. Commissioner (5th... 