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Discounts on Family Limited Partnership—The IRS is Challenging the Appropriateness of Discounts When Preparing a Valuation

 Discounts on Family Limited Partnership—The IRS is Challenging the Appropriateness of Discounts When Preparing a Valuation
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) Hour
Fields of Study: Accounting (Governmental)
Item Number: 16PBV0628
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

This webinar will focus on what a family limited partnership is and what discounts are currenlty utlized in valuing a family limited partnership. Also discussed will be the challenges presented by the IRS and the current outcome and where we stand regarding those challenges.

Learning Objectives

After completing this webinar, attendees will be able to:

- Define what a family limited partnership is
- Identify the challenges posed by the IRS
- Identify the current status of these challenges and where we currently stand in valuing a family limited partnership

Who Should Attend

CPA's, attorneys, and any person who performs valuations on family limited partnerships


Pasquale Rafanelli, CPA, ABV, ASA, CVA, CBA, CFE, MAFF
Mr. Pasquale Rafanelli is the valuation manager at Grassi & Co. and brings over 10 years of experience to the firm. In his role, Mr. Rafanelli performs appraisals of interests in privately held companies for estate and gift tax planning, marital dissolutions, shareholder dissolutions, buy/sell transactions, mergers and acquisitions, and litigation support. He is also experienced in calculating economic damages and lost profits analysis, conducting forensic accounting examinations and computer forensic examinations for marital dissolution and litigation support. This experience covers a broad range of industries including real estate, manufacturing and distribution, retail, service, and construction. In addition to Mr. Rafanelli’s CPA licensure, he has earned the designation of Accredited in Business Valuation (ABV), Accredited Senior Appraiser (ASA), Certified Valuation Analyst (CVA), Certified Business Appraiser (CBA), a Certified Fraud Examiner (CFE), and a Master Analyst in Financial Forensics (MAFF). Mr. Rafanelli keeps abreast of changing developments through his active membership in the American Institute of Certified Public Accountants (AICPA), American Society of Appraisers (ASA), National Association of Certified Valuators and Analysts (NACVA), and Association of Certified Fraud Examiners (ACFE). He is currently serving on the CVA Exam & Grading Committee with NACVA, as well as the Business Valuation Committee with the New York State Society of Certified Public Accountants (NYSSCPA), New York Chapter and the co-chair of the Forensic and Valuation Services Committee of the New York State Society of Certified Public Accountants (NYSSCPA), Suffolk Chapter, and Nassau Chapter. He was also past board member of the Suffolk County Chapter of the NYSSCPA, as well as chairman of the Cooperation with Attorneys Committee and co-chairman of the Young CPA Committee.

Mr. Rafanelli received his master of science in accounting with a concentration in information systems at LIU Post.