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Doors of the Treasury

Potential U.S. Treasury Regulations on Discounts and Practitioner Concerns

I have received several inquiries over the past two weeks regarding potential changes in Treasury Regulations associated with the elimination of discounts associated with Family Limited Partnerships (FLPs) and family controlled businesses.
Bad bosses.

People Leave Firms Due to Bad Bosses

In an article entitled “Don’t Be the Reason People Leave Your Company” from Entrepreneur Magazine Peter Diamond spells out that most people leave companies because they do not like their boss or they have lost faith in senior management.
Differentiated Potatoes

Marketing: How Do You Differentiate Yourself?

Yesterday I ate lunch with Rod Burkert. He has launched a joint effort with Mel Abraham to help business appraisers better market themselves and their firms through Practice Builder Academy.
What makes you happy

Discover What Makes You Happy and Why

Having been in business for myself now for four years, my wife shares with others that "Mike doesn't really work he just has fun." So much in life has to do with how we approach life and addressing what makes us happy. Yesterday I was pleased to make two presentations at Hamline University in St. Paul and one presentation with BV Resources via a webinar.

IRS Reaction to Practitioner Comments

Yesterday I had an opportunity to speak to the IRS on two fronts. One was a call from the IRS Taxpayer Advocacy Panel (TAP) based on a suggestion and concern I raised with the IRS about a year ago and the other was a sit down discussion with a group of IRS front line specialist managers regarding practitioner concerns when working with the IRS.

Lessons Learned on European Tour

Over the last 15 days I have been to Europe on a "VE Tour" with Wartburg College. The picture above is from Wartburg Castle where Martin Luther translated the Bible into common German while hiding with a price on his heard.
Meeting Leaders

Are You an Effective Meeting Leader?

On I offer insights on this topic from the post July 7, 2015. I have used the technique of asking the parties to help me draft an agenda on a topic related to the issue at hand during mediations.

Two Free Items to Help Expert Witnesses and Business Professionals

I subscribe to the free BV Wire. I find it to consistently provide good information for business valuers. Since I review expert reports and assist with both IRS resolutions and with mediation between parties, I find the information informative and helpful.

Knowledge Does Not Equal Understanding

Here is a great video about a bicycle that turns the opposite way it should and the pain this causes in trying to learn how to change. It really is interesting and unexpected. I want to thank Eric Gregory for encouraging Ashley Smith to share it with me. Eric was right.

Is the IRS About to Crash?

My book from November 2014 "The Wheels Are Falling Off the Wagon at the IRS" was part of two reddit sessions last year that appear to have resulted in over 1,000,000 reads. I pointed out at that time how bad the IRS is funded and the implications.


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