Valuations and Potential Pitfalls

This presentation will provide insights on the valuation process, from the audit to the courtroom with commentary from the perspective of a valuator doing the valuation, an experienced Tax Court testifier, and an ex IRS Territory Manager.   It will touch on the lessons learned on major aspects of business valuation including family limited partnerships, discounts for lack of marketability, reasonable compensation, S- Corp tax affecting, common errors investigated by the IRS, some tips from the US Tax Court, and a review with an opinion of value approach used by IRS business valuators