Archive 2012-53: Defending Your Valuation Reports Before the IRS




Archive 2012-53:Defending Your Valuation Reports Before the IRS – How to Address Key Controversial Issues

**Webinar 53 Broadcast Date: August 15, 2012**

presented by:

Robert Grossman, CPA/ABV, CVA, ASA, MST, CBA and Melissa Bizyak, CPA/ABV/CFF, CVA

Valuations of businesses for estate and gift tax purposes have a unique set of issues, many of which are controversial. You will learn how to prepare and report on these valuations and address the key controversial issues including: discounts and/or premiums, pass-through entities, valuation approaches and methodologies, FLPs, professional responsibilities and possible penalties.

Learning Objectives:

  • The participant will learn how to address key controversial issues in tax valuations
  • The participant will learn what works and what doesn’t work in supporting the valuation analysis and report
  • The participant will learn how to present valuation methods in an understandable manner
  • The participant will learn about calculating and supporting a discount for lack of marketability within the context of the IRS DLOM Job Aid
  • The participant will learn about acceptable methods of calculating built-in gains
  • The participant will learn about current FLP issues
  • The participant will learn whether tax affecting pass-through entities is supportable
  • The participant will learn about professional appraisal responsibilities, risk and penalties
  • The participant will learn the basis on which the IRS can challenge practitioner’s valuations and the specific tax authorities for these challenges

Webinar Outline:

  • How to approach a tax valuation
    • The audience for the valuation
    • Preparing an understandable and believable analysis and report
    • Reports and level of content
    • What does the IRS want to see?
  • Key controversial areas in valuation approaches and methods
    • Guideline public company method
    • Guideline company transaction method
    • Discounted cash flow method
    • Capitalized cash flow method
    • Excess cash flow (earnings) method
    • Net asset approach
  • Pass-through entities
    • Is it acceptable to tax affect?
    • Adjustments
    • Minority vs. control
  • Discounts for lack of marketability
    • Preferred methods, models and data
    • What works and what doesn’t
  • Built-in gains adjustments
    • Preferred methods, models and data
    • What works and what doesn’t
  • Family limited partnerships
    • Preferred methods, models and data
    • What works and what doesn’t
  • Appraiser responsibilities
    • Managing risk
    • Standards and ethics
    • Qualified appraisals and appraisers
    • Appraiser penalties

Included in this downloadable archived webinar package:

  • Audio/Video file
  • Webinar transcript
  • Original Webinar handouts

The archived webinar package is an Adobe Presenter PDF file that allows you to view the video of the webinar with the synced audio so that you see the presentation just as it was presented “live.” The Presenter format also allows for easy navigation through the webinar so you can quickly go to a specific section in the presentation. The handout materials are included in the file. To view the Webinar Presenter file, you must have Adobe Reader software version 9 or higher. You can download the free current version of Adobe Reader at Please note that CPE is only available for live webinar broadcasts.

Additional information

Weight 0.00 oz