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IRS Magnets in Business Valuations
Webcast

IRS Magnets in Business Valuations

This webcast will inform and empower tax and estate planning professionals to reduce their clients’ exposure to IRS disputes over business appraisal and to better defend clients against existing IRS appraisal challenges, regardless of the status of the case.

$75 - $89
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Dec 12, 2025

NASBA Field of Study

Taxes

Level

Overview

CPE Credits

1

Instructor

Bruce Wood

Availability

3 months

Product Number

WC5152440

 View  
 Business & partner 
Product Details

This is a rebroadcast from the 2025 Forensic & Valuation Services Conference.

Business appraisals are often a key component in estate planning. Stemming disputes with the IRS over the values of privately held business interests are not uncommon. Frequent triggers for these disputes include:

  • The discount for lack of liquidity and marketability (“DLOM”) applied by the appraiser to a non-controlling minority interest in the subject business.
  • Tax affecting applied by the appraiser to earnings in a pass-through entity.

Key Topics

Learning Outcomes

In this webcast, you will learn to:

  • Recognize common areas of IRS attack on business valuations.
  • Identify deficiencies in these areas of appraisals before submission to the IRS.
  • Recognize how to reduce valuation audit risk.
  • Distinguish the advantages of settling or litigating valuation disputes with the IRS.

Who Will Benefit

Credit Info
CPE Credits
1
NASBA Field of Study
Taxes
Level
Overview
Prerequisites
4-5+ years in the profession
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$89.00
AICPA Members
$75.00
CIMA Members
$75.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Bruce Wood
CPA/ABV, CVA, MTx
With over 30 years of experience, first as a tax adviser for a dozen years followed by twenty years as a business appraiser, Bruce enables estate and gift attorneys to achieve favorable results for their clients in the realm of estate, gift, and trust tax planning and compliance, and he routinely supports tax controversy attorneys nationwide in resolving tax-related business valuation disputes in US Tax Court and in IRS appeals and audits. Before joining Applied Economics, Bruce served as Partner at BW Arpeggio from 2022 – 2024 and as Principal /Managing Director from 2007-2022 at CapVal - American Business Appraisers. Bruce speaks regularly at national tax controversy conferences, such as the NYU Tax Controversy Forum and the UCLA Tax Controversy Institute, on business appraisal and related topics. He has been published in the Wolters Kluwer Journal of Tax Practice & Procedure and Bloomberg Tax, among others. Mr. Wood earned a Bachelor of Business Administration (BBA) from Georgia Southern University and a Master of Taxation (MTx) from Georgia State University. Representative Tax Cases (hired as second opinion) Secured a “no-change” audit result for a decedent estate’s family meat processing business that had been assessed $40 million in valuation adjustments by the IRS. In fact, the estate received a refund for administrative fees. Obtained a $250 thousand settlement in a Tax Court reasonable compensation case for a catering company (C corporation) that was facing a $19 million liability upon an income tax audit assessment. Valuation techniques were used to show that officer compensation was reasonable given that company growth far exceeded benchmark industry growth. Procured a “no-change” audit result in a Tax Court case, under joint representation by the IRS and the law firm representing the decedent estate, where the estate’s family hardware business had been assessed $8 million in valuation adjustments by the IRS. Achieved a $250 thousand settlement in an IRS audit where the IRS had assessed millions of dollars against the taxpayer’s hotel enterprises as a result of an income analysis based on the net worth method. Numerous other success stories exist.
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