Estate & Gift Taxes

Would you want your heirs and/or your children to have to write a check to the IRS for half of your estate, upon your death? 

Valuations of closely-held business interests are essential for estate planning, gifting, estate settlement and Internal Revenue Service (IRS) reporting of estate or gift transactions. Business valuations performed for estate and gift tax purposes are subject to the laws found within the Internal Revenue Code and Regulations.  Our valuation experts are knowledgeable of the tax law, Revenue Rulings, Tax Court decisions and related guidance to handle IRS scrutiny of estate and gift tax filings.  A properly prepared valuation helps to withstand an IRS challenge that could overturn an estate plan, exposing the estate to potential penalties and disputes among heirs.

For additional information about our Business Valuation services, contact David A. Storer, CPA/ABV, CVA, Tax Partner or Elizabeth B. (Beth) Grubb, CPA/ABV, CVA, CFP, Tax Partner.