BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
What to Glean From the IRS Hiring Binge for BV Experts
The IRS needs to hire 31 business valuation experts, and the job announcement provides an interesting perspective as to the valuation issues that are on the agency’s radar.
April 2024 issue of Willamette’s Perspectives is released
The April 2024 issue of the quarterly digital publication Perspectives, from Willamette Management Associates, has been released, and you can access it if you click here.
Reminder: IRS is hiring a flock of BV experts
Honolulu; Palm Springs, Calif.; Las Vegas; Orlando, Fla.; and even the Bronx, N.Y., are just a few of the 249 locations for which the IRS is hiring 31 business valuation experts, according to a job announcement, which is available if you click here.
The IRS is looking for you
Don’t panic—it’s not about an audit.
IRS hiring BV experts—virtual open house February 29
Want to relocate to Hawaii? That’s one of the locations for which the IRS needs to hire business valuation experts to join its team.
BV News and Trends December 2023
A monthly roundup of key developments of interest to business valuation experts.
The No. 1 valuation issue that triggers an IRS audit
Discounts continue to be the No. 1 red flag that triggers an IRS audit, according to former IRS manager Michael Gregory (Michael Gregory Consulting LLC), speaking at the recent American Society of Appraisers (ASA) International Appraisers Conference in New Orleans.
Hitchner busts more BV myths
Does the fair market value standard assume a financial buyer, without synergistic benefits?
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
More on Hitchner’s myth-busting regarding restricted stock
A few weeks ago, we covered the start of Jim Hitchner’s list of BV myths he is out to bust.
Hitchner launches a BV myth-busting effort
Some notions have recently been kicking around in the valuation profession that have prompted Jim Hitchner (Financial Valuation Advisors) to speak out.
BV News and Trends March 2023
A monthly roundup of key developments of interest to business valuation experts.
IRS updates job posting for BV experts
The IRS added one more open slot to its job posting in its quest to hire more business valuation experts—and has also added more job locations.
Hot Topics at the 2022 VSCPA Forensic and Valuation Conference
It was back to in-person attendance at the 22nd annual Forensic and Valuation Conference hosted by the Virginia State Society of CPAs. Topics included the income approach, effective recruiting, reasonable compensation, guideline transactions, surviving cross-examination, IRS developments, and a “Hardball With Hitchner” session that covered some front-burner issues.
Recap of the New Jersey CPA Society FVS Conference
Some excellent speakers covered litigation tips, malpractice, estate tax audits, statistics for lost profits, cryptocurrency, and divorce matters at the Forensic and Valuation Services Conference hosted by the New Jersey Society of Certified Public Accountants (NJCPA ...
BV News and Trends December 2022
A monthly roundup of key developments of interest to business valuation experts.
A new job for 2023? IRS needs BV experts
The job posting is still open from the IRS, which is looking to hire experienced business appraisers for 14 open positions at various U.S. locations.
Estate and Gift Tax, Business Valuation and the IRS—What’s Next and What you Need to Know
During this session Michael Gregory will discuss the impact on business valuation for estate and gift tax reporting purposes. Mike will explore the status of the IRS, what it intends to do, what it is likely to do, and the current stance on several technical issues. You'll also gain practical advice on how to avoid an IRS audit and recommendations for responding to an audit. You will hear real-world examples based on the experience of ...
Reminder: IRS has job openings for BV experts
The agency is looking to hire experienced business appraisers for 14 open positions at various U.S. locations.
The Impact of 80 Billion Dollars and 87,000 Additional IRS Employees on BV
It has been announced that the IRS will be receiving $80 billion dollars and will be adding 87,000 employees over the next 10 years. Mike takes a look at the IRS strategic plan, and public information available from the Treasury Department and IRS, and shares with you his insights of what this may mean overall and with a specific look in more detail at the IRS Engineering Program where the business valuers are located. Implications ...
The IRS to BV experts: We want you!
The agency is looking to hire experienced business appraisers for 14 open positions across the U.S., Gary Smith, IRS lead financial analyst, tells BVWire.
15 Cautionary Areas to Review in ESOP Valuations
Business valuation practitioners perform private-company equity appraisals for many applications including gift/estate tax planning, transaction opinions, and financial reporting; yet ESOP valuation assignments present complex challenges. Not only is the purpose of the appraisal unique, but the particular client, an ESOP trustee (acting as a fiduciary), also has many ESOP-specific disclosures and requirements. A well-developed ESOP valuation report may not simply achieve the appraisal prescription set forth in Revenue Ruling 59-60 or USPAP compliance. Join ...
BV News and Trends December 2021
A monthly roundup of key developments of interest to business valuation experts.
What Business Valuers Need to Know and What to Do if Audited by the IRS with 25 Golden Suggestions
The IRS has recently undertaken some major initiatives in business valuation. Many of these relate to estate and gift tax and examination functions in the “Small Business Self Employed” and the “Large Business and International” divisions associated with BV. Michael Gregory examines those initiatives and guides analysts through successful negotiations with the IRS. Subscribers will learn 25 “golden rules” to help in resolving issues with the IRS.