We Can Help with a FMV Practice Appraisal
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The www.MedicalBusinessAdvisors.com practice valuation and transition team can help you appraise your medical practice, develop a new associate/partner transition plan, and even help transition your patients.
A Profitable Transition
You can also choose how to “wind-down” or transition out of practice gracefully and economically, as you work with only select patients, on-board a new associate/partner, or sell your practice outright.
Your Practice Business Equity
Either way, we can help you unlock the hard-earned equity in your medical practice and ensure that your patients – and life’s work – are taken care of with a fair market valuation. Purchasing and reviewing our books and white-papers is a great way to start. Otherwise – call us today?
Let’s Talk
770.448.0769
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
Our Other Print Books and Related Information Sources:
Health Dictionary Series: http://www.springerpub.com/Search/marcinko
Practice Management: http://www.springerpub.com/product/9780826105752
Physician Financial Planning: http://www.jbpub.com/catalog/0763745790
Medical Risk Management: http://www.jbpub.com/catalog/9780763733421
Healthcare Organizations: www.HealthcareFinancials.com
Physician Advisors: www.CertifiedMedicalPlanner.com
Filed under: "Doctors Only", iMBA, Inc., Practice Worth | Tagged: david marcinko, fair market valuation, FMV, medical practice appraisal, medical practice worth, www.medicalbusinessadvisors.com |
More on Appraisals
A recent Court ruling noted that Reg. 1.170A-13(c)(1)(i) requires a qualified appraisal that is signed by an appropriately qualified appraiser. The Regulations preclude a doctor donor or a doctor donee of the property from qualifying as an appraiser. Therefore, one needs a qualified appraiser.
In addition, the qualified appraisal must be signed by the appraiser up to 60 days before the gift and no later than the due date of the return (with extensions). The appraisal must include all of these specific requirements:
1. Name and Social Security Number of the Donor.
2. Description of the Property.
3. Summary of Overall Physical Condition of the Property.
4. Manner and Date of Donor’s Acquisition.
5. Cost or Other Property Basis.
6. Name, Address and Taxpayer Identification Number of the Donee.
7. Date the Donee Received the Property.
8. Statement About Whether the Gift was a Bargain Sale.
9. Name, Address and Identification Number of the Qualified Appraiser.
10. Appraised Fair Market Value of the Property.
11. Declaration that the Appraiser is Qualified with Sufficient Description of Qualifications.
12. Statement that the Appraiser has not charged a Prohibited Fee and is not barred from Presenting Appraisals to the IRS.
So colleagues, always be careful.
Dr. David Edward Marcinko MBA CMP®
http://www.CertifiedMedicalPlanner.org
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