Aug 25, 2023 8:52:05 AM
The fair market value of employer stock is determined by an independent valuation firm; however, the fiduciary is ultimately responsible for making sure the stock has been properly valued. Over or under valued stock can lead to deduction issues, a prohibited transaction, or other violations. Fiduciaries must act prudently and in good faith with the fair market value calculated with adequate consideration to prevent such issues.
Topics: IRS, Year-End Valuation
Apr 17, 2018 11:19:28 AM
2018 Employee Ownership Conference in Atlanta
Are you attending the conference this week? Stop by our booth and enter your business card for a chance to win an Amazon Echo Dot (2nd Generation). Our Blue Ridge professionals will be speaking in the following sessions.
Topics: Ownership Culture, Distributions, Conferences, Audits, Releveraging your ESOP, Year-End Valuation
