Posted on January 23, 2020  

MABVP NEWS                                            Winter 2020: Volume 25, Number 3

Next Meeting:    February 20, 2020

Place:                 100 Washington Avenue South, Suite 1600, Minneapolis, MN

Time:                  Noon – 1:30 PM

Agenda:             Josh Johnson will be presenting “Estates of Jones and S Corporation Tax Affecting”, a brief overview of the Estates of Jones v. Commissioner case followed by a comparison and contrast with previous tax affecting cases.  The IRS was admonished for its lack of tax affecting; does this signify future acceptance by the Service? 

Notes from the December 19th Meeting:  

• Jeffrey Wright of Corporate Finance Associates hosted our Annual Valuation Contest and presented two sales.  Congratulations to our winners:  Josh Johnson, Joe Kenyon, Brian Adamek, and Corey O’Connell!  Corey also snagged the prize for the most outrageous holiday attire!  Thank you to all who participated in the contests.

• New this year, we have added a Grand Champion Twin Cities Valuation Contest trophy to our annual prizes.  The Valuation Contest winner with the answer closest to the actual sale price of the sale presented will get to take home this treasure for a whole year.  Every year the trophy will travel to be displayed on the desk of the most recent Grand Champ.  Congrats Josh on being our first ever Grand Champion!

Upcoming Meeting Schedule:                          

• Thursday, February 20, 2020 – Speaker: Joshua Johnson; Topic – Recent S-Corp Cases
• Thursday, March 19, 2020 – Speakers: Joe Kenyon/Ginger Knutsen; Topic – Forensic Accounting 2
• Thursday, May 21, 2020 – Speakers: Cody Lindman/Madeline Strachota; Topic – TBD

You can reach MABVP President Guy Sanschagrin at guy.sanschagrin@wtpadvisors.com.  Natalie Mandley can be contacted at mabvp.natalie@gmail.com or at 612.767.9452.