Archive 2023-176: The Inflation Reduction Act’s Impact on Business Valuations

VPS StraightTalk Webinar Series: The Inflation Reduction Act’s impact on Business Valuations

Speaker: Michael Gregory, ASA, CVA, MBA

Should you plan for an increase in valuation audits? Over the next 10 years, the Internal Revenue Service will receive $80 billion dollars, allocated under the Inflation Reduction Act, and plans to add 87,000 employees.

With a unique perspective from IRS career experience, Mike Gregory delves into the IRS strategic plan to share his insights on the potential impact on valuations for tax purposes. The presentation will provide observations about the IRS Engineering Program that employs business valuers, and will explain the expected short- and long-term implications of the likely objectives at the IRS.

Learning Objectives:

Participants in the webinar will be informed as to:

• Key elements of the Inflation Reduction Act related to the IRS now
• Key elements of the IRS strategic plan as impacted by the Inflation Reduction Act
• Proactive preparation for the most audited BV areas
• Current IRS hiring plans related to business valuation
• How BV issues are selected as related to valuations for estate and gift tax
• IRS feedback on DLOM methods
• S-corp tax-affecting insights

Handouts