Problem about estate tax valuation of closely held business


Problem: Concerning the estate tax valuation of a closely held business: a. Good tax planning strives for a measure of certainty in the valuation if an IRS audit occurs. b. Appraisers for the decedent will determine the estate tax valuation. c. IRS appraisers will determine the estate tax valuation. d. Good tax planning argues against any lifetime gifts of ownership interests to other parties.

 

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Accounting Basics: Problem about estate tax valuation of closely held business
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