- Key IRS triggers and red flags that may increase the likelihood of a business valuation report being audited. - Best practices in documentation, methodology, and reporting to reduce audit risk and support defensibility. - Strategic steps to take if audited, including how to respond to IRS inquiries and collaborate effectively with legal and tax professionals.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Identify key IRS triggers and red flags that may increase the likelihood of a business valuation report being audited.
- Examine best practices in documentation, methodology, and reporting to reduce audit risk and support defensibility.
- Evaluate strategic steps to take if audited, including how to respond to IRS inquiries and collaborate effectively with legal and tax professionals.
Major Topics
- Key IRS triggers and red flags that may increase the likelihood of a business valuation report being audited.
- Best practices in documentation, methodology, and reporting to reduce audit risk and support defensibility.
- Strategic steps to take if audited, including how to respond to IRS inquiries and collaborate effectively with legal and tax professionals.
