IRS-defensible valuations for estate and gift planning.
Independent appraisals of closely held business interests, family partnerships, and intangible assets for estate, gift, and income tax purposes.
When a valuation is filed with a tax return, it becomes a target. The IRS scrutinizes independently appraised values, particularly for closely held businesses, minority interests, and intangible assets. W&A produces valuations that are thorough, methodology-documented, and built to satisfy the standard of a qualified appraisal under IRC Section 170.
Situations Requiring Independent Valuation
Gift Tax Reporting
Transfers of closely held stock, LLC units, or family limited partnership (FLP) interests to trusts or heirs.
Estate Settlement
Valuing business interests held by a decedent at the date of death or alternate valuation date.
Charitable Contributions
Fulfilling the Qualified Appraisal requirement for donating non-cash assets exceeding $5,000.
Corporate Tax Planning
S-Corporation conversions (built-in gains), 409A stock option pricing, and restricted stock awards.
The Standard of IRS Defensibility
A tax-related valuation must meet strict statutory definitions. W&A's reports are designed specifically to meet the requirements of:
- IRC Section 170 – Definition of a Qualified Appraisal and Qualified Appraiser
- IRC Section 2031 – Estate tax valuation guidelines
- Revenue Ruling 59-60 – The fundamental IRS framework for valuing closely held stock
- USPAP – Uniform Standards of Professional Appraisal Practice