The Tax Tail Can't Wag the Valuation Dog: Five Key FMV Rules (Bloomberg Tax)
The Internal Revenue Code contains over 250 provisions that determine tax liability based on fair market value. When properly applied, five rules of valuation can help taxpayers and the IRS amicably resolve valuation disputes without court involvement.
In the following Bloomberg Tax article, Chuck Hodges, Simon Hansen, Anthony DeRiso, and Tyler Jackson address these five rules of valuation and the IRS’s skepticism that often arises when the valuation result from the application of these rules appears inconsistent with "real-world" sales of similar assets.
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