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gregoryfeb17

Best Practices on Valuation Issues With the IRS

Michael A. Gregory advises on how to prepare clients for the audit process.

If the Internal Revenue Service audits one of your clients based on valuation issues, you need to know how to best prepare for the process. Here are some practices you can use from the time a business valuer or appraiser1 is selected to prepare an appraisal2 for federal tax purposes for an estate or gift tax return, considering the IRS classification3 and audit process4 through completion of an audit. 

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