This full day of CPE includes:
How the IRS Values Non-Controlling Interests in S corps and What You Should Know - 2 hours
How the IRS Determines Reasonable Compensation and What You Should Know - 2 hours
What the IRS Looks for When Evaluating a Business Valuation Report - 2 hours
Conflict Resolution the IRS and Best Practices - 1 hour
Estate of Louise Paxton Gallagher with Six Significant Take Aways - 1 hour
Participants will:
understand of how the IRS determines reasonable compensation and sources you can use and steps you can take to determine reasonable compensation
learn what standards the IRS uses to evaluate reports and what you can do to minimize the probability of an audit
understand how to address valuation and dispute resolution
apply the six take away elements from the Gallagher court case
The course is structured for intermediate to advanced CPAs, attorneys and business valuers. Participants should have a basic understanding of business valuation.