Many of the events that trigger a need for an independent valuation for tax reporting are relatively infrequent occurrences in the lives of business owners such as: a change in elected tax status, a large charitable contribution of private stock, establishing an equity compensation plan, or the death of a shareholder.
Since these kinds of events are relatively infrequent, it can be difficult to find a valuation firm with significant experience in the specific transaction in question.
Because of our extensive practice, we have the necessary experience.
If the taxpayer’s appraisal does not withstand IRS scrutiny, the consequences can be costly.
Professional tax advisors refer their clients to us to provide a credible valuation that will withstand IRS scrutiny. Additionally, we take the time to understand the business, its owner, management and operations, so that we can apply that understanding to the valuation. Our approach is strengthened through our deep technical and business knowledge producing a well-rounded result to the benefit of the client.