Business Valuations - Overview and Federal Tax Impacts

This course introduces concepts, methods, and tools used to estimate the value of a business and how that can impact tax calculations. Participants will learn how to analyze financial statements, identify key drivers of value, normalize financial information, assess risk, and apply the three primary valuation approaches: asset-based, market-based, and income-based methods. The course examines the role of business valuation in federal taxation. Topics include valuations prepared for estate and gift tax purposes, business succession planning, charitable contributions, transactions between related parties, and other tax-related events in which fair market value may be required. Participants will be introduced to federal tax valuation standards, the concept of fair market value, documentation expectations, valuation dates, and the importance of using supportable assumptions, appropriate methods, and reliable market data.

• Explain key business valuation concepts and common valuation purposes.
• Analyze financial statements and identify major drivers of business value.
• Apply basic asset-based, market-based, and income-based valuation methods.
• Explain the fair market value standard used in federal tax matters.
• Identify valuation issues related to federal estate and gift taxes.
• Recognize valuation considerations in charitable contributions and related-party transactions.
• Evaluate discounts for lack of control and lack of marketability.
• Understand the importance of valuation dates, documentation, assumptions, and supporting evidence for tax reporting.
• Recognize factors that may lead the IRS to question or challenge a valuation.
• Prepare and communicate a clear, supportable valuation conclusion.

Hendrikus E.J.M.L van Bulck, Ph.D., CPA/ABV, CGMA

Hendrikus (Hennie) van Bulck is the Interim Assistant Dean for Business and Administrative Management, and he is Professor of Business Administration at USC Sumter. He has taught a variety of courses including Marketing, Entrepreneurship, Small Business Management, Financial Management, Accounting and Strategic Management. Formerly, Hennie was a partner in Van Bulck and Company, CPAs, LLC. in Sumter, where he was responsible for corporate planning, medical practice consulting and business valuations.

Participants will receive via e-mail at the start of the event both the PowerPoint presentation slide set as well as the content document prepared by the instructor.

• For CPAs: 6 hours of CPE
• Enrolled Agents and Other Tax Professionals: 2 hours CPE
• For Attorneys: 5 hours of CLE

*CPA, EA and other Tax Professionals are based on a 50-minute credit hour while attorneys are based on a 60-minute credit hour. The total time of instruction is 300 minutes. Extra time is allotted for online sign-in and a 10-minute break in the morning.

(*) Extra time is allotted for Q&A at the end of the Workshop for those that wish to stay on. Online sign-in begins at 8:30 am.

IRS CE Hours: 2.0 hours total
SC Board of Accountancy (self-report): 6 hours total
NASBA Registry Sponsor ID number: 147318
Attorneys: 5 CLE credit hours total

Completed credit hours will be reported to the IRS within two weeks of the course completion for all participants providing their PTIN number during registration. Please be sure to include your name as it is listed with the IRS and that your PTIN number is valid for the current year.

Completed credit hours will be reported to the Commission on CLE and Specialization of The Supreme Court of South Carolina within one week of the course completion for all participants providing their bar number during registration.

The Zoom link and instructions to access the webinar will be provided with the confirmation email after completing the registration and providing payment through the Eventbrite registration process. Please make sure to check your Inbox folder. If you do not receive this email within 24 hours after completing your purchase, please check your Spam folder and/or email us at tax@clemson.edu.

A reminder email with the Zoom link and instructions are sent again 48 hours before the course begins. Finally, if you are not familiar with Zoom, please be sure to test your system before the event as in very rare cases the firewall settings in your computer or within your network may prevent you from logging into the platform. You can go to: https://zoom.us/test and test your internet connection by joining a test meeting. Once you access the Test meeting, you will be able to check your speakers and microphone functionality. You will not need to have a video camera or a microphone for this event. You will be able to communicate through the Chat and Q&A function of the webinar.

Moderator/Group Sign-in and out form for participants attending as a group.

If the participant cancels their registration:

1. Over seven days of the Course start date: a refund will be granted to the participant to the original method of payment. Per Eventbrite's refund policies, the refund will include the ticket price minus the Ticketing Fees (which consist of the payment processing fee and the service fee combined).
2. Within seven days of the Course start: no refund will be granted; however, all course materials will be sent to the participant. The original participant may substitute his registration to another attendee.
3. Please contact the Program Director via email to  tax@clemson.edu or phone (864) 656-1625 to cancel attendance and request a refund (if applicable). 

If the Tax School cancels the Course:

1. The participant may switch to another date or webinar or receive a full refund to the original method of payment. Per Eventbrite's refund policies, refunds will be for the entire purchase - that includes the ticket price and the Ticketing Fees.
2. The participant will be notified by the Program Director or his assistants via email from the following address:  tax@clemson.edu If no confirmation by the participant has been received within seven days of Course start, the participant will be notified via phone from (864) 656-1625. Furthermore, Course cancellation notifications will be made available at the Tax School's website

Duplicate Purchases:

Per Eventbrite's refund policies,  as long as buyers request a refund within seven days of purchase, they will get a full refund for duplicate charges - that includes the ticket price and the Ticketing Fees.

For further references, please see Eventbrite's Refund Policies on their website.

A Certificate of Attendance will be sent to participants via email the day after the Course ends to the email address given during registration. Participants that do not attend the entire length of the seminar will have their credit hours adjusted accordingly per IRS regulations.

Attorneys will be emailed an additional Certificate of Attendance to present to their respective accreditation organizations.

For more information regarding administrative policies such as complaint, cancellation, and refund, please contact tax@clemson.edu or (864) 656-1625.

General Inquiries
Email: tax@clemson.edu

Dr. Adam J. Kantrovich
Director, Tax School
Extension Associate Professor
Clemson University
E-mail address: akantro@clemson.edu
Phone number: 803-699-3176

Kevin Burkett, CPA
Assistant Director, Tax School
Extension Associate
Clemson University
E-mail address: kburke5@clemson.edu
Phone number: 803-788-5700

Mandy Smith
Administrative Support
Tax School
Clemson University Cooperative Extension
Phone:864-656-1625
Email: abs4@clemson.edu