Date: Thursday, October 10, 2013
10:00am-2:00pm PT / 1:00pm-5:00pm ET
Format: An Interactive Web Workshop

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Michael Gregory
Michael Gregory Consulting

About This Program

Of late, much uncertainty has surrounded appraisals for estate and gift tax purposes. Though as financial experts watch judicial action and legislative inaction closely for signs of change and stability, the work of estate and gift appraisals continues with a singular constant: the Internal Revenue Service as reviewer.

In the Advanced Workshop on Estate & Gift Valuations for the IRS, expert Michael Gregory, a former territory manager with the IRS, joins BVR for an in-depth examination of what appraisers should know when performing a valuation for estate and gift tax purposes in light of IRS review. Join Gregory as he leads attendees through how the IRS views S-corp and FLP valuations, discounts for lack of marketability and control, and how appraisals work through the IRS structure, among other topics. For anyone preparing work that may be subject to IRS review, this intensive, four-hour workshop is not to be missed.


  • Working with the IRS: Readers, Resolvers, and Issues
    • Organization of the IRS
    • Large Business and International (LB&I)
    • Small Business Self Employed (SBSE)
    • Who Controls Case - and Who is the Decision Maker at the IRS
    • Other Important Divisions
    • Issue Resolution
    • Actual Cases
  • Valuing Interests in S-Corp Valuations
    • 1120S Corporations Background
    • Court Cases Summarized
    • Valuation Approaches Used
    • Personal Observations
  • Discounts for Lack of Marketability (DLOM) and the IRS
    • IRS Job Aid on Discount for Lack of Marketability at Originally Prepared 9/2009 for IRS Valuers
    • August 2011 Developments
    • The Job Aide Public and Private
    • Comments on the Job Aid
    • Comments Since Entering Private Practice Regarding DLOM's
  • Family Limited Partnerships (FLP's)
    • Prerogatives of Control
    • Corporations
    • Partnerships
    • Family Limited Partnerships
    • Examples
    • Discussion

Learning Objectives

  • Learn how the structure and organization of the IRS can affect the review of your work
  • Learn how sub chapter S rules affect valuations for estate and gift purposes
  • Learn how to treat discounts for lack of marketability and control when preparing for the IRS
  • Learn what views the IRS holds on contentious appraisal methods and thinking, and how best to prepare for comments and review in these areas
  • Learn how to prepare and defend a sound estate & gift valuation for IRS consumption and review

Single Connection Policy
Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy
Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must provide a $50 processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

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CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 4.5 Credit Hours (Specialized Knowledge & Applications)

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