This session will provide insight into how the IRS works and provide highlights on two technical areas. A brief background on the IRS organization as it relates to Estate and Gift tax issues is presented to provide the participant with insight into the various silos and different cultures associated with business appraisal issues. The national and local classification process in Estate and Gift tax is presented. Two technical topics from Business Appraisals and the IRS (May 2013) regarding valuing interests in S-Corporations and Family Limited Partnerships (FLPs) are addressed. In addition, commentary on Family Limited Partnerships (FLP’s) addressing various concerns for the business appraiser is explored.