Good news from the IRS: In last week’s BVR telephone conference, “Ask the IRS,” Mike Gregory, ASA, AVA, an Engineering Territory Manager with the Service’s large and midsize division, announced that just that day, the IRS had released its new Business Valuation Standards, which updates and incorporates comments from the BV professional community since the last (2004) version. For a copy, go to www. BVResouces.com.

We’re also offering a free copy of the article by fellow presenter Roger Wilde, CPA, ABV (Anacapa Valuations): "How to Avoid (or Survive) an IRS Valuation Audit." from the April 2006 Business Valuation Update™. To purchase a CD or Transcript of the 7/27 "Ask the IRS" Teleconference, click here.