When valuations are performed for ESOPs, for tax purposes or for other regulatory purposes, they may be subject to scrutiny by government regulators or other litigants. We are known for our ability to support and defend our valuations. As part of our range of services, we are able to provide complete regulatory and litigation support for your valuation.
With regard to estate and gift tax valuations, we routinely deal with IRS auditors in the Washington, D.C. area as well as those in other areas of the country. As a result, we are thoroughly familiar with the IRS’s positions on valuation issues including its positions on the discounts for lack of control and lack of marketability that would be applied when valuing an interest in a family partnership or limited liability company. Although we are not a tax practice, we have extensive familiarity with codes, regulations, rulings and court decisions involving tax valuations and we keep current with all relevant changes to them.
If a dispute with regulators goes to court, our background and experience ensures that we will be ready to support and defend your valuation throughout the legal process.