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Revenue Ruling 59-60 at 50: Rediscover Fair Market Value
Revenue Ruling 59-60 at 50 Rediscover Fair Market Value Author:Mercer Capital Management, Inc. Tagging a text with the label classic should not be done carelessly. But 50 years after its initial release, few would disagree that Revenue Ruling 59-60 deserves the title. Written in the spare, unadorned style of a government publication, the Ruling is a compact storehouse of enduring practical wisdom for business appraisers and the users of a... more »ppraisal reports. At Mercer Capital, we decided the 50th anniversary of the Ruling s release was a fitting time to compile this book. Having been actively appraising privately held businesses for over 25 of the 50 years since the Ruling s issuance, we find ourselves often returning to the Ruling, whether for guidance in novel situations or simply to confirm some intuition. In short, it is a trusted companion. Our purpose in writing this book is twofold: first, to offer a guided tour through the Ruling, pointing out some of the most prominent features of the landscape (and providing the occasional warning about rough terrain); second, to pull back the curtain a bit, granting a non-technical view of how appraisers (at least this group) attempt to translate the guidance found in the Ruling into actual valuation engagements.« less