On Jan. 22, 2020 after no public hearing, no public workshops or any apparent public input, the Internal Revenue Service released an internal memorandum1 (the memo) regarding a change in the process for penalties on appraisers who provide appraisals for the Small Business Self Employed (SBSE) division. The SBSE addresses business taxpayers with assets equal to or less than $10 million dollars. It’s also the division where the IRS Estate and Gift tax program is located. There are no
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