With fresh insight from developing his recent book, Business Valuations and the IRS, Mike Gregory provides you with the highlights of what you need to know about discounts for lack of marketability (DLOM ) when providing a business valuation report for federal tax purposes. The DLOM is one of the most common adjustments by IRS valuers, so you need to know how to minimize the potential of your business valuation report being audited on this issue. Practical examples from the text will be shared so that participants can learn how to avoid an audit of their business valuation, and, if audited, how to work with the IRS to resolve the issue. The most common methods used are presented with editorial comments on how the IRS looks at various methods based on real-world experiences and examples. This is a must for anyone who prepares a business valuation report for federal tax purposes.