Estate Appraisals

Tax-Related Appraisals: Section 6701 & Circular 230

November 1, 2011

This is the second half of an article on the consequences of the Internal Revenue Service’s new and significant enforcement initiatives that specifically target abusive tax-related appraisals and the individuals who prepare them. The first half was published in a previous post; the article is authored by Jay Fishman, FASA, Business Valuation Review Editor and Chairman of the American Society of Appraisers Government Relations Committee; Bruce Bingham, ASA, former Chairman of the Business Valuation Committee; and Peter Barash, Government Relations Consultant to the Business Valuation Committee.

Internal Revenue Code Section 6701  Read more... (1946 words, estimated 7:47 mins reading time)

IRS Targets Abusive Tax-Related Appraisals

October 18, 2011

I thought I’d pass along some information about the IRS’ strategy for Estate Tax Returns and their related appraisal. The moral of the story is to hire a qualified appraiser and save a lot of trouble. Because this article is so long, I’ve broken it into 2 separate posts. The second half will post next week.

By Jay Fishman, FASA, Bruce Bingham, ASA, and Peter Barash  Read more... (1461 words, estimated 5:51 mins reading time)

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