IRS-compliant business appraisals for estate administration, gift tax reporting, and wealth transfer planning for high-net-worth families across South Florida.
Transferring a closely held business interest — through an estate, a gift, or a family limited partnership — requires an IRS-compliant valuation that will hold up under examination. These valuations receive close IRS scrutiny, and undervaluation penalties can be significant, so the analysis needs to be independently supportable, not just a favorable number.
Minority, non-controlling interests in a closely held business or holding entity are generally worth less, proportionally, than a pro-rata share of the whole — a discount that must be independently supported and is a common point of IRS challenge.
Valuation of interests in FLPs and LLCs used for wealth transfer requires careful attention to the entity's governing documents, underlying asset composition, and the specific rights (or lack thereof) held by the transferred interest.
Estate and gift valuations apply the fair market value standard as defined under IRS regulations — the price a willing buyer would pay a willing seller, neither under compulsion, both having reasonable knowledge of relevant facts.
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Families structuring wealth transfer through gifting or family entity structures.
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Counsel administering an estate or structuring a wealth transfer plan who need a defensible valuation.
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Advisors coordinating estate and gift tax compliance for their clients.
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Fiduciaries who need an independent valuation to satisfy their duty of care.
Contact us to discuss your estate or gift tax valuation need.