In this session, Michael Gregory as the IRS original champion on this issue, offers insights into the IRS Job Aid on "Valuation of Non-Controlling Interests in Business Entities Electing to be treated as S Corporations for Federal Tax Purposes" written October 29, 2014 and released to the public April, 30, 2014. After presenting the IRS Job Aid, commentary is provided to help the practitioner when addressing this issue.