The expansion of IRS rules defining appraiser responsibilities and standards has cut both ways for BV practitioners. The American Job Creation Act (2004), the Pension Protection Act (2006), and related IRS guidelines, rules, and regulations have opened the door to new business for appraisers. However, they have also defined new regulations and penalties for those practicing before the IRS. The bottom line: Proper interpretation can lead to a business advantage. Misinterpreting the responsibilities they set forth can have dire consequences.
IRS New Rules: Pension Protection Act and Beyond, a 100-minute BVR/IBA teleconference, will feature an all-star panel—tax attorney William Forsberg, Internal Revenue Service territory director Michael Gregory, the Institute of Business Appraisers’ executive director Howard Lewis, and business appraisal expert and moderator Robert Cimasi, president of St. Louis, Missouri’s Health Capital Consultants. The panel’s diverse viewpoints will give the guidance all BV practitioners need. This teleconference will take place today, Wednesday, March 18 from 10:00am-11:40am PST/1:00pm-2:40pm EST. Attendees can receive 2 CPE and/or 1.5 CLE credits. To find out more or to register, click here.