DLOMs and How to Work with the IRS

This session will initially explore the background and the IRS publication “Discount for Lack of Marketability – Job Aid for IRS Valuators” published by the IRS August 22, 2011 with an update on additional sources, and methods for consideration when developing a DLOM.  This presentation emphasizes what you need to do for IRS purposes regarding DLOMs and how to work with the IRS if your business valuation report is audited.   Example report language and questions to be answered in a DLOM commentary are presented to assist the practitioner.