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| Important Strategies for Mitigating IRS Scrutiny of Valuations—A Practical Approach |
Course CPE: 1 hour
Field(s) of Study: Accounting
Program Level: Overview
Prerequisites: None
Delivery Method: Self-Study
Advanced Preparation: None
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Item
Number: 18BV0621ISMIRS
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: June 21, 2018
Program Description
As many know, opinion of value has been the key driver for many recent IRS audits and notices, particularly as it pertains to estate, gift, and personal income tax planning. For those providing valuation services, understanding the issues that increase the risk of IRS scrutiny goes beyond the four corners of the report. The presenter looks to provide insight as to those "hot topics" the IRS has identified that increase this risk of scrutiny. He will also discuss the practical issues that need to be addressed to mitigate this IRS risk of review and audit that can be of greatest concern to both clients and their advisors.
Learning Objectives
After completing this webinar, attendees will be able to:
- Summarize the hot topics and protocol that the IRS focuses on in their review of qualified appraisals
- Describe the nuances of the reporting that may unwittingly bring on IRS scrutiny
- Discuss specific tax issues that commonly arise that demand additional attention from the appraiser (this includes, but is not limited to valuations of carried interest, S corporations, and special assets [such as fine art, jewelry, and collections])
- Identify those circumstance that may require additional care, such as the timing and number of the appraisals needed by taxpayers seeking appraisals for different reasons (i.e., ESOP appraisals versus buy/sell appraisals)
Who Should Attend
CVAs, CPAs, and all other financial professionals who negotiate fee arrangements with clients
Presenter(s):
Charles Schultz |
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