How to Work with the IRS on Business Valuation Issues

Tuesday, May 10, 2016

Insights are presented on how to avoid an audit by the IRS on an estate and gift tax return and what to do if a valuation report is audited by the IRS.    A dozen examples are presented to bring home the more common valuation issues relating to discount for lack of marketability, S corporation tax affecting, and reasonable compensation.

1. Understand what the IRS looks for in a business valuation report

2. Understand how to avoid an audit and what to do if your report is audited.

3. Understand IRS processes and use these to resolve business valuation issues

4. Understand how to interact with appropriate parties to promote issue resolution

Illinois CPA Society
Chicago, Illinois