Estate, Gift & Income Tax
The Internal Revenue Service requires a qualified business appraisal for estate, gift, and other tax matters involving the valuation of privately held stock and other securities for which ready pricing is not available. Shilts CPA's professionals have the experience and education to meet these requirements, and they regularly perform this service for businesses in a variety of industries.
Our estate and gift tax professionals have significant experience in the preparation of business valuations for these tax-related areas. With years of experience working with attorneys, CPAs, financial planners, and other estate planning professionals, we have developed a clear understanding of the rules and regulations impacting taxpayers and taxing authorities, particularly with respect to issues involved in the valuation of closely-held business interests.
We assist our clients through all phases of the valuation process, including audit and U.S. Tax Court proceedings. We work with the client's attorneys, accountants and estate planning professionals toward resolution of the issues that arise in this area of practice. Shilts CPA has also worked directly for the taxing authorities on valuation matters. We are well versed in U.S. Tax Court decisions concerning valuation discounts and premiums, S Corporation issues and built-in gains tax liability issues, to name just a few.
Our professionals have designations from leading professional organizations including Accredited in Business Valuation by the American Institute of Certified Public Accountants. The professionals also attend conferences, review court decisions, and interact with our mergers and acquisitions department to keep current on tax changes, market conditions, and valuation theory.