Thoughts and Insights by Michael Gregory

Valuation

September 11th, 2017

Have a Conflict? Here Are Three Negotiation Strategies for Business Valuers and the IRS

When things go wrong in a negotiation often there is a quick escalation, conflict increases and the two stinky twins of BO (blaming others) and BS (blaming self) become pronounced. What is the result? Escalation, litigation and entrenchment. I want to suggest three ideas for a better way.

August 6th, 2017

Relationship, Trust, IRS and Negotiations

I know as a negotiator one of the most important elements towards reaching an agreement in a negotiation is to build and have trust.  In order to have trust it is important to build a relationship with the other party. This is true in any negotiation, but especially with the IRS.

May 22nd, 2017

Emotional Intelligence and Negotiations

There has been a lot written about emotional intelligence, how to improve it, and why having a stronger emotional intelligence may help in business. However, the implications to negotiations indicate more emotionally intelligent parties may also have greater empathy and be willing to lower their expectations at the negotiating table. So what should you do?

April 17th, 2017

Business Valuation and Conflicts with the IRS

Today the focus is on the IRS, business valuation and how to overcome differences of opinions with the IRS.  Although our society reinforces confrontation, winning and overpowering the other side, I am offering a way to reduce stress, save time, save money and work to resolve issues with the IRS.  This method does not always work, but in my experience it works nearly all the time.  As such consider the approach offered as a way to resolve your business valuation issue with the IRS.  I also ways to proceed should the recommended approach not work. 

April 10th, 2017

Fairness in Negotiations with the IRS

When working with the IRS recall that one of your rights in the IRS Taxpayer Bill of Rights  (#10) is for the system to be just and fair. This article discusses this issue related to a recent business valuation case to resolve an issue.  Stay positive, remain professional, focus on the facts related to the issue, listen to understand the IRS representative's perspective and work to resolve the issue. 

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