The IRS internal white paper “Reasonable Compensation Job Aid for IRS Valuation Professionals,” dated Oct. 29, 2014, is reviewed and available. This recently obtained IRS document, which was written to help IRS professionals who are reviewing reasonable compensation issues, presents background on this topic area from the IRS perspective. In this insightful webinar, former IRS employee Michael Gregory provides insights to help business valuation professionals respond to this commentary. Major elements of this document are presented, and Gregory offers his insights as to what this might mean for business valuers reviewing reasonable compensation issues while providing valuations for federal tax purposes.