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Caution!—IRC §6695A Can Be Injurious to Your Personal Wealth

 Caution!—IRC §6695A Can Be Injurious to Your Personal Wealth
CPE Credit

Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Taxes
Item Number: 15PBVNOLA25L
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

IRC §6695A provides a draconian penalty—to you personally—if the IRS feels your valuation for tax purposes is off by 50 percent or more. The presenter has experienced three years of major distress, including a levy on his bank account plus federal debt collections from both an income tax refund and from monthly Social Security payments. Finally, after three years, and increasing aggravation, an appellate officer agreed that the original valuation was correct and abated the penalty. In this webinar, §6695A will be discussed and suggestions will be offered about how to protect yourself. Further there is a suggestion that the Internal Revenue Code itself should be changed.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify valuation reports at risk for application of IRC §6695A
- Provide suggestions for preventing application of the penalty
- Describe the IRS appeals process

Who Should Attend

CPAs, attorneys, valuation practitioners providing expert witness testimony


Alfred King, CMA, CFM
Mr. Alfred King has more than 40 years of experience in valuation, serving as chairman of Valuation Research and vice-chairman of Marshall & Stevens. He has written four books and over 100 articles on valuation, presented at NACVA and international conferences, and taught NACVA courses as well as lectured on valuation issues at many colleges and universities. Mr. King has been an expert witness in a substantial number of cases. He was the initial founder of the Appraisal Issues Task Force and received an Excellence in Teaching award from NACVA.