24
Date: Tuesday, April 24, 2018
Time: 10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar
Earn 2 CPE credits
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Featuring  (click image for bio)

Michael Gregory
ASA, CVA
Michael Gregory Consulting

About This Program

Join Michael Gregory for a discussion on two recently obtained internal IRS memorandums so that you can work more effectively with the IRS on estate and gift tax valuations. These memorandums shed light on how the IRS approaches valuing S corporation valuations and what you need to consider when preparing an S-corporation valuation for federal tax purposes. The memorandums recommend consideration of both Revenue Ruling 59-60 and the IRS Job Aid on Non-Controlling Interests. Key elements of these publications are shared and the applicability of the Job Aid on discount for lack of marketability are applied.

Agenda

  • Background
  • Focus on non-controlling S-corp Job Aid – Intro to Job Aid
  • IRS S-corps and Job Aid observations
  • IRS memorandum S-corporation valuation procedures received November 18, 2017
  • Background IRS memorandum S-corporation valuation procedures received January 4, 2018
  • Commentary for your consideration
  • Court case implications
  • Consider valuation approaches
  • Personal observations

Learning Objectives

  • Describe the background and gain insights into the IRS Job Aid on valuing non-controlling interests in S corps
  • Describe the IRS S corporation valuation procedures memorandums
  • Explain the potential ramifications of the IRS S corporation valuation procedures memorandums
  • Recite the steps to consider given the IRS S corporation valuation procedures memorandum
  • Describe now how to approach an audit by the IRS if tax affecting was applied to a non-controlling interest
  • List what mistakes to avoid should your appraisal be audited

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Accounting Technical)


Business Valuation Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
NASBA Sponsor


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