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Estate and Gift Tax

Estate and Gift Taxes

Litigation Services

Financial Reporting

One component of an estate plan is the gifting of closely held company shares to the next generation. Either the gifting of shares or a tax filing for a deceased shareholder’s estate should include a valuation of the transferred stock by a competent, independent business appraiser. The appraiser should be able to work in a professional and timely manner with the tax attorney as well as other professionals who are providing services to the client. Also, the appraiser should be able to support the valuation opinion before the Internal Revenue Service as well as the Tax Court and Appellate Court.

Equitable Distribution
Dissenting Shareholder Actions
Rebuttal Witness Services

The movement away from Historic Cost accounting to Fair Value accounting has consumed the time and financial resources of many CFOs and their companies. While the increased record keeping and systems costs are necessary to provide more relevant financial statements, the valuation process should proceed as accurately and efficiently as possible so as not to impose an additional burden on the resources of the firm.

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