How COVID-19 Is Impacting the IRS and Valuation Audits

Business Valuation UpdateVol. 26 No. 9
September 2020
tax valuations
estate valuation, estate & gift, internal revenue service (IRS), valuation report


Still reeling from the effects of the government shutdown and budget cutbacks, the pandemic has dealt another blow to the IRS that has affected how the agency selects and reviews tax returns that include valuations. A former IRS manager who dealt with valuations at the agency gives some interesting insights.