One of the more timely sessions at this week’s Second Annual National IRS Symposium on Valuation Issues in Los Angeles will look at the Service’s current positions on FLPs, as well as its methodology for valuing fractional interests in real property and blockage discounts; a general session will focus on professional responsibility under the Pension Protection Act. For more information on the February 8, 2007 conference, click here.

If you can’t be in Los Angeles on such short notice—watch for our conference coverage in next week’s issue; the IRS, in conjunction with the local L.A. Chapter of the ASA, has been kind enough to permit the BVWire to attend its Second Annual Symposium—another sign the Service is as serious about appraiser outreach as it is oversight.