We work with audit and tax advisory firms across the US to provide valuations for financial reporting, estate and gift tax, corporate tax restructuring, bankruptcy, and litigation.
The most common referrals from audit and tax firms include:
Financial Reporting Valuations, often in audit conflict situations
- Purchase price allocations (ASC 805, IFRS 3)
- Fair value equity and debt instruments (ASC 718; IFRS XX)
- Impairment Testing (ASC 350 and 360; IFRS XX)
- Real Estate and Fixed Asset valuation analyses
Private Equity carried interest/portfolio valuations, as frequently as quarterly
- Independent valuations of investments
- Positive and Negative Assurance Letters, upon request
Tax Planning and Reporting Valuations
- Ad Valorem (property tax) reporting and dispute
- Corporate Tax restructuring
- Estate and Gift Tax planning and reporting
- IRC 409a (also ASC 718) – stock options, etc.
- Transfer Pricing
Compliance
- ESOP Valuation and Formation
- Healthcare, including compensation studies and MSO/MSA valuations
- Fairness Opinions for public and private company transactions
- Solvency Opinions, typically for dividend recapitalizations
We partner with audit firms:
- We provide valuation analyses for projects that an audit firm cannot complete with their own internal staff, ex. We provide real estate or fixed asset valuations on an assignment for which the audit firm provides financial valuation
- We serve as audit reviewer of a third party expert’s analysis performed for an audit firm’s client and that the audit firm is not qualified to review, ex. complex financial instruments, or real estate.
Frequently Asked Questions
Does Marshall & Stevens specialize in valuations for any specific industries?
Marshall & Stevens has a large team of valuation professionals, all of which have industries where they have a particular expertise, including agriculture, automotive, chemical, construction and engineering, consumer products, energy and infrastructure, entertainment and media, food and beverage, healthcare, hospitality and gaming, manufacturing and distribution, real estate, professional services, technology.
Why should I spend resources determining if the seller’s fixed asset list is accurate?
We perform onsite inspections of facilities to improve the accuracy of the asset records and the valuation analysis. Site inspections keep investors from capitalizing and paying for property taxes and insurance on assets no longer owned or in use (aka Ghost Assets).
Does Marshall & Stevens provide valuations of solar, wind, BESS, RNG, and other renewable energy projects for sales of investment tax credits (ITC) and production tax credits (PTC)?
Marshall & Stevens performs hundreds of valuations and cost segregation analyses every year for renewable energy project developers, sponsors, and investors.
Does Marshall & Stevens value international companies and assets?
Marshall & Stevens values companies and assets around the world. Our staff travels as necessary to conduct site inspections, management interviews and perform other due diligence.
Does Marshall & Stevens value physician and dental practices?
Marshall & Stevens understand the highly regulated healthcare industry. We provide independent valuations of physician and dental practices, management services organizations (MSO’s) and agreements (MSA’s), clinics, hospitals, and assets.
Audit and Tax Contacts
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David GaynorASA, CEIVNational Practice LeaderFinancial Valuation & ConsultingManaging DirectorHealthcare -
Anthony FestaASAManaging Director & National Practice LeaderMachinery & Equipment Valuation -
Patrick CraigMAI, MRICSPractice LeaderReal Estate ValuationPrincipal & Executive Managing Director -
Roger W. SmithABV, CFF, CPAManaging DirectorBusiness & IP ValuationCommercial Litigation Support -
JC FeldmanAssistant DirectorBusiness Development
