| How the IRS Determines Reasonable Compensation with Job Aid Commentary by the Original IRS Champion (with CPE)
Program Type: Recorded Webinar(Audio, PPT Presentation)
Program Level: Overview
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting (Governmental)
Shipping Weight: 0lbs. 0oz.
The IRS internal white paper entitled “Reasonable Compensation Job Aid for IRS Valuation Professionals” dated October 29, 2014 is reviewed to help you, the business appraiser, respond to the commentary. This recently obtained IRS document presents background information from the perspective of the IRS. This document was written to help IRS professionals who are reviewing reasonable compensation issues. Major elements of this document are presented with Michael Gregory offering his insights as to what this might mean for business valuers reviewing reasonable compensation issues while providing valuations for federal tax purposes.
After completing this Webinar, attendees will be able to:
Assess the most current thinking by the IRS when the IRS reviews reasonable compensation
Analyze what the IRS deems the most appropriate data sources and their limitations regarding reasonable compensation
Describe how the IRS thinks the issue of reasonable compensation should be approached
Recognize what the IRS thinks of various court cases associated with different aspects of the issue
Identify from the presenter how you may want to respond going forward
Who Should Attend
Business valuation practitioners who want to be up to date on the IRS position on key business valuation concepts, methodologies and approaches
Michael Gregory, CVA, ASA, and Qualified Neutral, MN Supreme Court
Mr. Michael Gregory is the Chief Manager of Michael Gregory Consulting LLC focusing on issue resolution and business issues. Issue resolution includes both mediation and negotiation assistance on business issues and issues that involve tax controversies with the IRS. Value added services include reviews of expert reports for tax filings and litigation support as well as financial analysis and management development consulting.
He was an IRS territory manager with responsibilities for 23 states with an emphasis in the business valuation and engineering issues arena nationally over his last eleven years at the IRS. Mr. Gregory has championed the IRS internal teams on reasonable compensation, valuing subchapter S corporations, 409A, 6695A, and the Discount for Lack of Marketability. His engineering emphasis was in research credit and international issues.