How the IRS Values Non-Controlling Interests in S Corps with Job Aid Commentary by the Original IRS Champion

You will initially learn about the IRS internal white paper entitled “The IRS Valuation of Non-Controlling Interests in Business Entities Electing to be Treated as S Corporations for Federal Tax Purposes: A Job Aid for IRS Valuation Analysts” that Mike had released from the IRS via a Freedom on Information Request and how to interpret the Job Aid.  Mike was the original IRS issue champion of this initiative.  He provides insights to help you the business appraiser respond to this commentary.  After major elements of this document are presented Mike offers his insights as to what this might mean for business valuers providing S Corporation valuations for federal tax purposes.