As Nancy Fannon points out, 'the area of pass-through entity valuation and the effect of taxes on value has been a topic that has confounded valuation analysts for about nine or ten years now.' Indeed, it has been a problem without a solution in sight, particularly given the lack of data and studies on the subject within the business valuation community. Through groundbreaking research, Nancy has compiled a new collection of studies that address this previously unresolved area of valuation.In 'The Effect of Taxes on Value in Private Capital Markets' Nancy presents the findings of academic research on the effect of taxes on value, set to be released in a Guide of the same title. This 100-minute discussion covers the results of years of study by researchers and the substantive evidence provided by numerous studies regarding tax affects. This presentation will have a lasting impact on anyone concerned with private market valuation.