Michael A. Perlmutter, JD, CPA, CVA, ABAR
(Perlmutter Law and Valuation, Inc.)
Mr. Perlmutter is an experienced valuation expert with an extensive 27-year career at the Internal Revenue Service as an Estate Tax Attorney, Revenue Agent and Valuation Specialist. His IRS career provided invaluable exposure to complex valuation issues involving a multitude of different assets. Mr. Perlmutter holds active California licenses as an attorney and CPA, in addition to certifications as a Certified Valuation Analyst (CVA) and Accredited Business Appraisal Review (ABAR) from the National Association of Certified Valuators and Analysts (NACVA). Mr. Perlmutter has written IRS valuation related training materials, taught and mentored IRS attorneys, is a frequent presenter at seminars and other professional gatherings, and is also an instructor at UCLA Extension.
Mr. Perlmutter knows how to identify IRS audit red flags and how to avoid them. At the IRS, he reviewed, critiqued and challenged thousands of valuation appraisals, prepared by local and national firms, resulting in a unique knowledge of each firm's abilities and credibility. In the process, Mr. Perlmutter was involved in the audits of some of the wealthiest and highest-profile taxpayers. He assisted in sending significant cases to IRS Appeals and to Tax Court. Mr. Perlmutter's background and focus are on intellectual property valuation, business valuation and partial interest discount issues.
After shifting into private practice in 2018, Mr. Perlmutter founded two valuation related firms, Perlmutter Law and Valuation, Inc. (PLVI) and Valuation and Litigation Group (VLG). PLVI is a valuation consulting firm, while VLG consists of a team of experienced professionals who specialize in business and intellectual property valuations as well as royalty compliance audits. To date, this seasoned team has valued some of the highest profile celebrities as well as some of the most valuable intellectual property related assets. The valuations include name and likeness rights, music catalogs, music publishing companies and various other assets and businesses.
Mr. Perlmutter has helped clients save millions of dollars in taxes by spotting appraisal errors, inconsistencies and omissions in methodology, assumptions and applications that resulted in the overvaluing of the subject assets as well as minimizing potential IRS audit red flags. Mr. Perlmutter also provides guidance and advise through the valuation process, whether for tax, litigation, divorce, buy/sell, internal or other purposes.
Wayne Coleman, CPA
(Royalty Compliance Organization)
Mr. Coleman has over 45 years of business and valuation experience providing valuation related consultations, appraisals, expert witness testimony and royalty compliance audit work.
Mr. Coleman was with Touche Ross & Co. before becoming a partner of Gelfand, Rennert & Feldman (GR&F) in 1971, a partner of Coopers & Lybrand in 1989, and a joint venture partner with Moss Adams in 1994. He started the GR&F Nashville office in December 1971 as its first managing partner. He later moved to Los Angeles as the partner-in-charge of many business management clients and the royalty examination and entertainment asset valuation departments. In 2001, Mr. Coleman established his own companies to provide financial consulting, business valuation procedures, royalty and due diligence examinations, licensee examinations, copyright administration systems, litigation support, and tour accounting support. He has directed and supervised teams from Los Angeles, New York, St. Louis, Nashville, and London to provide his services within the United States and throughout the world. Under his direction, his investigations and services have recovered over two billion dollars.
Darla Y. Crain
(Royalty Compliance organization)
Ms. Crain has over 20 years of experience in the valuation industry providing computer consulting and training, business valuation procedures, royalty and due diligence examinations, license examinations, copyright administration systems procedures and support, and litigation services. She developed a unique data management and investigative computer program, which is used to identify unreported and underreported amounts due for these clients and in forensic investigations and analysis for valuations and litigation. Ms. Crain has assisted in preparing expert witness reports and has testified in court.
Mr. Coleman and Ms. Crain have worked on most types of valuation appraisal assignments, and with some of the most prominent A-List names in the Entertainment business. Their services have been provided on behalf of both buyers and sellers in mergers and acquisitions of entertainment companies and / or intangible assets, borrowers, lenders, and rating agencies in scrutinization transactions, accountants, lawyers, and business managers for estate tax and / or estate planning, on behalf of copyright owners, and for divorce purposes. They have also been retained by the Internal Revenue Service as Valuation Experts and testified in high profile celebrity cases.
Together, we create a unique and powerful team that combines IRS inside knowledge with private practice valuation industry experience. This gives us a distinct advantage in preparing solid, credible and defensible valuation appraisals, in providing consulting advice and expert witness testimony and in reviewing appraisal reports for potentially costly valuation issues.
We have offices in Los Angeles and St. Louis.