fair price

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fair price

Healthcare Blue Book's recommended price for healthcare services, which is based on the typical fee that providers in a particular region of the USA accept as payment from insurance companies. The fair price is generally regarded as the ceiling that one must pay, regardless of the provider’s actual charge.
References in periodicals archive ?
The Texas Court of Appeals held the Clarks presented enough evidence of fair market value of the property to survive a motion for summary judgment and remanded the case to the trial court for further proceedings.
Two separate definitions can generally apply to the standard of fair market value.
He said, I relied upon the literal definition of Fair Market Value as established by the Internal Revenue Service in Revenue Ruling 59-60: .
Fair market value is a range, not a specific number, Ms.
Paper gain of $161,769 at a fair market value of $7.
To illustrate, assume that (a) in 1998, an optionee is granted an ISO to purchase stock at $5 per share; (b) in 2000, the optionee exercises when the stock's fair market value is $100; and (c) in 2005, the optionee sells the acquired stock when the fair market value is $145.
Citing Estate of Jung, 101 TC 412 (1993), the court stated,"[T]ax courts have drawn a distinction between subsequent events that affect fair market value as of the valuation date and later-occurring events that may be considered as evidence of fair market value as of the valuation date.
Because, warns trusts and estates attorney Bruce Wexler of New York law firm Loeb & Loeb LLP, you must outlive the trust to reap its tax benefits, if not, your home goes back into your estate, where it will be taxed on its then-current fair market value.
PPS has expanded performance expectations for medical directors, so administrators must recalculate time and payment requirements for this position, using some measure of fair market value.
The court noted that a shareholder's basis in property may differ from its fair market value.
This means that a Medicaid applicant or his/her spouse is prohibited from transferring for less than fair market value any resource that is potentially available to cover nursing home costs within 30 months of institutionalization or, if the individual is already institutionalized, within 30 months of applying for Medicaid.
To comply with IRS guidelines, appraisals of the equipment may be needed to arrive at fair market value.