How to Write a Business Valuation Report for the IRS

From Mike’s book on Business Appraisals and the IRS based on his experiences at the IRS (28 year career) and the private sector (5 years) Mike shares with you how IRS business appraisers are trained and what they use to evaluate a business appraisal.  Potential penalties on appraisers with an example demonstrate ramifications of not following standards.   Check sheets are presented that follow professional standards and how these are used by those evaluating an appraisal.  Finally estate and gift tax classification processes are explained to help appraisers avoid pitfalls.