Valuation of a business for estate and gift taxes is important to reduce tax liability, ensure compliance with regulations and to provide liquidity for the business owners and their heirs. The continuity of the business often depends upon this important process. The best time to prepare a valuation is prior to the time of filing an estate or gift tax return. Both the IRS and courts look more favorably on valuations performed prior to filing returns and the process may preempt IRS challenges. Let the valuation professionals at HEIN & ASSOCIATES LLP help you to avoid the unintended consequences of a "rule of thumb" approach to valuation of the business. Contact Mitchell Hoffman, CPA, Litigation, Valuation and Bankruptcy Consulting Services Partner (303) 298-9600 |
