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Secrets of Practice Before the Internal Revenue Service


Business Valuation

 Secrets of Practice Before the Internal Revenue Service
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Update
Prerequisites: Participants need a background in the subject area and desire to keep current.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hours
Fields of Study: Accounting (Governmental)
Item Number: 15PBV0904
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

In this webinar, attendees will learn how the IRS approaches the entire audit (and appeals) processes, particularly from the perspective of business valuation controversy.

First, the attendees are introduced to how the various IRS divisions view reports and issue resolution differently. Following this introduction, commentary is presented on how the IRS uses its business valuation standards to review reports and check for reasonableness. Major adjustment valuation issues are addressed and commentary is presented using a recent Tax Court decision as an example. The focus is on how you need to work with your client, as well as how to approach this issue, using best practices for the facts in your case.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify how to effectively address how to prepare a business valuation report in the context of IRS practice and procedure
- Determine answers to client questions regarding various strategies
- Apply alternative approaches for assisting clients with planning, executing, and following up on the engagement

Who Should Attend

Any practitioner who desires to stay on the leading edge of IRS practice and procedure as it affects the business valuation practice

Presenter(s)

Howard Lewis, MS, ABAR, CVA, CBA, BCA
Mr. Howard A. Lewis is the Executive Director of the International Society of Business Appraisers and the President of his consulting firm, RiskGuidance Co., LLC.

Prior to joining the ISBA, Mr. Lewis was the Executive Director of the Institute of Business Appraisers and a Program Development Director for the NACVA. In 2000, Mr. Lewis became the National Program Manager for the Engineering and Valuation Programs at the Internal Revenue Service. He created the national program, established the staffing of approximately 400, and focused on improving the knowledge, skill and abilities of the IRS engineers and appraisers. Mr. Lewis wrote the first valuation standards ever implemented at the IRS, created credentialing programs enabling hundreds of staff members to study for and attain their appraisal certifications, and worked with the leading national appraiser membership associations to strengthen the government-private partnership.

Mr. Lewis worked for the IRS for over thirty-two years, serving as a valuation engineer, and first-level, mid-level, and top-level manager, both in the engineering and valuation programs, as well as the corporate examination programs. He was also the IRS’ quality improvement coordinator, where he assembled, trained, and facilitated dozens of teams in their system improvement activities. He received his graduate and undergraduate degrees in Industrial Engineering from New York University. He has eight children and, at last count, twelve grandchildren.