The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. It includes guidance on appraising estate, gift, charitable contribution, income taxes, and for purposes for which fair market value is the standard. The new edition includes a new chapter on personal versus enterprise goodwill new materials on transfer pricing and customs valuations and how recent markets have affected both the income and market approaches. In addition, FAS 157 is covered, the many changes to penalties and sanctions affecting both tax payers and appraisers, and many new court cases are included.
