| Impact of the IRS Job Aids
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Taxes
Shipping Weight: 0lbs. 0oz.
The IRS has released several Job Aids of particular importance to the business valuation profession. The first Job Aid came out in September of 2009 and addressed the Discount for Lack of Marketability. The second and third were released in October of 2014 and addressed the Valuation of Non-Controlling Interests in Business Entities Electing to be Treated as S Corporations for Federal Tax Purposes, and Reasonable Compensation.
After completing this webinar, attendees will be able to:
- Identify the key issues outlined in the three IRS Job Aids relating to business valuation
- Recognize the reasons for development and purpose, and how each Job Aid can impact a valuation analysis
Who Should Attend
Chris Mellen, ASA, MCBA, CVA, ICVS, ABAR, CM&AA
Mr. Chris M. Mellen is a managing director with Valuation Research Corporation (VRC), leading its Boston office. Prior to joining VRC, he was the president and founder of Delphi Valuation Advisors, Inc., which he ran for 15 years and sold to
VRC in July 2015. Mr. Mellen specializes in the valuation of closely held businesses, professional practices, and intangible assets. His experience includes completion of approximately 2,800 valuations of such entities and assets over
27 years. He holds the Accredited Senior Appraiser (ASA), Master Certified Business Appraiser (MCBA), Certified Valuation Analyst® (CVA®), International Certified Valuation Specialist (ICVS), Accredited in Business Appraisal Review™ (ABAR™), and Certified Merger & Acquisition Advisor (CM&AA) designations.
Mr. Mellen has an MBA with a concentration in finance from Babson College and a Bachelor of Arts with a major in industrial relations and economics from McGill University. He serves or has served on several valuation-related committees, including: Managing Director of American Business Appraisers National Network, Governor of the Northeast Region for the Institute of Business Appraisers, president of the Boston Chapter of the American Society of
Appraisers, the Appraisal Issues Task Force, the faculty of the International Association of Consultants, Valuators and Analysts, the Editorial Board for Business Appraisal Practice™, the faculty of the Institute of Business Appraisers, and
Chairman of the Business Valuation Committee for the Boston Chapter of the ASA. He has held senior level positions in the valuation departments of two major accounting firms, CBIZ Tofias and KPMG. In addition, Mr. Mellen has published several articles on valuation-related matters, led numerous seminars, and provided expert testimony in court. Finally, he is co-author of ASA’s BV301 seminar on Intangible Asset Valuation and of the second edition of the book Valuation for M&A: Building Value in Private Companies, published in 2010 by Wiley.