Valuation permeates virtually every area of tax. In this webinar, a leading practitioner in the fields of tax and valuation will discuss valuation techniques and the federal tax treatment of: (1) property-type discounts, including fractional interest discounts; (2) owner-level discounts, including discounts for lack of marketability, lack of control, market absorption, and blockage; (3) entity-level discounts, including discounts for loss of a key person, contingent liabilities, a non-diversified portfolio, and the discount for built-in capital gains tax. This webinar will also cover the features of valuation discounts which are most likely to be audited and litigated, best practices to minimize the risk of audit, and alternative dispute resolution alternatives to trial. This webinar is a must-attend for practitioners who file estate tax returns, gift tax returns, and all tax returns where valuation is at issue.
Lawrence (“Larry”) Sannicandro is an associate in the Tax, Employee Benefits & Private Clients Practice Group who concentrates his practice on tax controversy and tax planning matters. He represents businesses, estates, trusts, and individuals at all stages of tax controversies, including in audits, before the IRS Office of Appeals, and in litigation before the United States Tax Court, the U.S. Court of Federal Claims, the U.S. District Courts, and the U.S. Courts of Appeals.