Estate and Gift Tax Valuations and the IRS – What Business Valuers Need to Know

From Mike’s book on How to Work with IRS: Second Edition (June 2014), and his experiences both at the IRS (28 year career) and in the private sector since 2011 Mike presents insights on how to address business valuation issues with the IRS on Estate and Gift tax returns.   Ten examples are presented covering topics such as S-Corps, Discounts for Lack of Marketability, and Reasonable Compensation.  Mike presents steps you can take when working with IRS agents, estate and gift tax attorneys, and valuation specialists to allow you to take appropriate actions - from the initial filing of the return to avoid an audit through audit, appeals and litigation.