Expand the following panels for additional search options.

BVU News and Trends May 2019

A monthly roundup of key developments of interest to business valuation experts.

How IRS turmoil from the shutdown affects BV

The IRS is doing its best to recover from the government shutdown, but business valuation experts need to be aware of certain issues, according to Michael Gregory (Michael Gregory Consulting LLC), who gave an IRS update during a recent BVR webinar.

BVU News and Trends November 2018

A monthly roundup of key developments of interest to business valuation experts.

Testing the S Corp Value Premium for Realism and Reasonableness

Not long ago, we attended the author’s session at a NACVA conference where she presented on this topic. We asked her for this article, which has some key takeaways from that session as well as from a longer paper she wrote.

BVU News and Trends October 2018

A monthly roundup of key developments of interest to business valuation experts.

IRS BV community is ‘fractured’

The IRS business valuation community is “very fractured,” leading to inconsistencies on audits, says former IRS manager Michael Gregory (Michael Gregory Consulting LLC).

Sit in on a real-world IRS audit

A former IRS manager will conduct a mock audit of an estate valuation matter during a special four-hour workshop on September 25.

What’s it like to be on the IRS audit hot seat?

Find out during a special four-hour workshop that pits a former IRS manager against a business valuer in a mock estate tax audit.

USPAP cited in IRS final regs on donations

The Internal Revenue Service (IRS) has issued final regs on valuing charitable donations that specifically cite the Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal Foundation.

How the IRS Determines Reasonable Compensation and What You Should Do

In the most up-to-date commentary on reasonable compensation and the IRS, Mike Gregory, the original champion with the IRS on this issue, gives commentary on how to determine reasonable compensation for federal tax purposes. With fresh insight from developing his latest book, Business Valuations and the IRS, Five Books in One, Gregory will cover three IRS Job Aids including highlights of the Job Aid on Reasonable Compensation. He'll then critique each and offer valuable insights ...

Internal IRS memo unearthed re: S corp valuations

During a webinar, Michael Gregory (Michael Gregory Consulting LLC) discussed an internal IRS memo he recently obtained via a Freedom of Information Act (FOIA) request that has implications for valuing noncontrolling interests in S corps.

New Tax Legislation Consequences on U.S. Transfer Pricing and Intangibles

The Tax Cuts and Jobs Act of 2017 (the Act) brought sweeping changes to the international tax landscape, including the transfer pricing arena. Intangible property is at the core of many of these changes. Plus, the IRS is cracking down on this area.

What You Need to Know About DLOMs and the IRS

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 ...

Tax Court's Koons decision withstands appeal: DLOM ruling anchors valuation

The 11th Circuit recently affirmed a four-year-old Tax Court valuation of a revocable trust’s interest in a limited partnership. The linchpin in the valuation was the marketability discount.

Appraiser ducks penalty for undervaluation

A recent Tax Court case rejects an appraiser's valuation of an estate asset, and the undervaluation is enough to normally trigger penalties under IRC Section 6695A.

Michael Jackson estate valuation case features tainted image and tax affecting

BV experts take the stand in a high-stakes Tax Court case that pits the IRS against the estate of Michael Jackson.

IRS addresses some concerns of valuators at Sec. 2704 regs hearing

IRS and Treasury officials on the hearing panel felt compelled to make a few remarks in response to the strong concerns of valuation experts, attorneys, wealth planners, and family business owners who testified.

IRS and Whitney Houston estate tangle over IP values

The IRS claims that the Whitney Houston estate underreported the value of intellectual property rights by $22.6 million.

Subsequent Transaction Too Remote to Allow for Reliable Valuation

In gift tax dispute involving decades-old transaction by a media magnate, Tax Court upholds IRS’s deficiency ruling and credits agency expert’s valuation of transferred stock based on a similar arm’s-length transaction occurring near the valuation date.

Redstone v. Commissioner

In gift tax dispute involving decades-old transaction by a media magnate, Tax Court upholds IRS’s deficiency ruling and credits agency expert’s valuation of transferred stock based on a similar arm’s-length transaction occurring near the valuation date.

Major advance in thinking about S corp taxes and value

10 takeaways from Estate of Richmond

1 - 25 of 106 results