What the IRS Looks at When Evaluating a Business Valuation Report

This session will briefly introduce the participants to the IRS official organization to help participants understand that various parts of the IRS look at business valuation reports differently.  Next the session explores how the IRS looks at a business valuation in the estate and gift tax arena from classification to audit.   Professional standards are reviewed to demonstrate to the participants how these standards are used by the IRS.     Based on Mike’s experience at the IRS, and having reviewed over 40 reports from some of the top experts in our field, as well as his experiences at the IRS; Mike presents what IRS reviewers look for when evaluating business valuation reports.