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Case Studies in IRS Audits of Valuation Issues

 Case Studies in IRS Audits of Valuation Issues
CPE Credit

Program Type: Recorded Webinar (Audio, PPT)
Program Level: Advanced
Prerequisites: Good knowledge of topic and experience in the field.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Taxes
Item Number: 16PBV0426
Shipping Weight: 0lbs. 0oz.
Price: $110.00
Program Description

The most effective way to learn is with a case study. This fascinating webinar will present case studies from three recent IRS audits where valuation defense was prompted by proposed IRS adjustments. In each case, strategy was paramount. The original appraisals left much to be desired, and the entire audit approach needed to be redesigned and executed. This webinar will bring these experiences to life, teaching the practitioner a new way of looking at the business appraisal for tax purposes.

Learning Objectives

After completing this webinar, attendees will be able to:

- Specify a strategy to deal with the valuation issues in an IRS audit, appeal or litigation situation
- Identify circumstances where new appraisals should be commissioned
- Define situations where formal appraisal reviews become key in the appraisal defense process

Who Should Attend

Valuation practitioners, litigation experts, case managers, attorneys planning IRS audit defense


Howard Lewis, MS, CBA, CVA, ABAR, BCA
Mr. Howard Lewis is the executive director of the International Society of Business Appraisers and president of RiskGuidance Co., LLC. Howard served as the national program manager for the engineering and valuation programs at the Internal Revenue Service from 2000-2008, having 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. As president of RiskGuidance, Mr. Lewis specializes in valuation review and IRS intervention. Mr. Lewis was a co-author of the book, How to Value Your Business and Increase it's Potential. He is the former executive director of the Institute of Business Appraisers.

Eliezer "Eli" Panell, JD, ESQ, CPA, CFP®, LL.M.
Mr. Eli Panell is the managing member of Panell Law Group, LLC, Doral, Florida. In 1999 he received a bachelor of arts in accounting from the University of Puerto Rico, Rio Piedras, Puerto Rico. In 2005 he was awarded a Juris Doctor degree from the Florida International University College of Law, Miami, Florida. In 2011 he completed an LL.M. (Master of Laws) in taxation from the University of Alabama School of Law, Tuscaloosa, Alabama. Mr. Panell is a member in good standing of the Florida Bar and he is admitted to practice before the Florida Supreme Court, the United States Tax Court, and the United States District Court for the southern district of Florida. He is also a Certified Public Accountant in Florida and a also a Certified Financial Planner. Before beginning his law practice in tax law and estate planning, Mr. Panell worked for seven years in the international tax and high net worth individuals departments for PricewaterhouseCoopers LLP.