Key IRS Revenue Rulings

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Some of the most important of the revenue rulings that relate to business valuation are provided below:

59-60	Discusses valuing closely held stock.
68-609	Discusses the "formula method" for determining the fair market value of the intangible assets of a business.
77-287	Recognizes the relevance of restricted stock studies in determining discounts for lack of marketability.
83-120	Discusses valuing preferred stock.
93-12	Allows the application of minority interest discounts to partial interest transfers even when a family owns overall control of a closely held business.