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Valuation for Tax Planning and Reporting

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(The following is an excerpt from The Executive's Guide to Business ValuationTo view this free IACAM executive guide, please click the blue link above.)

Valuation for Tax Planning & Tax Compliance


The valuation of a private business or asset is vital to estate advisors (attorneys, CPAs, trustees, etc.) who assist clients in gift planning and wealth management. Valuations for gift or estate taxes are imperative to document IRS compliance. Simply put, an aggressive value opinion, whether an inflated value to support an artificial charitable tax deduction or lowering business value to reduce gift/estate taxes, has drastic consequences. These risks stem from the IRS’ aggressive pursuit of alleged abuses. The IRS, by mandating an independent value opinion for any gift greater than $50,000, has set the bar sufficiently high. 



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