Estate Tax and Gift Tax
A proper ownership succession plan and estate tax planning is vital to continuity of business and enhances its value. Aranca has significant experience in providing quality valuation services for compliance with federate estate and gift tax provisions. We provide cost effective ‘fair market value’ opinions that meet all of the IRS standards including Revenue Ruling 59-60.
The onus to support the values used for estate and gift tax returns is on the taxpayers. When challenged by IRS, defending the valuation can be a very complicated situation as the values transferred must be at "Fair Market Value" as defined by the IRS.
At Aranca, we work with attorneys, CPAs, and other financial planning professionals to provide a well documented and defensible valuation analysis. Our valuation reports are prepared in compliance with professional standards including the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by The Appraisal Foundation and ASA – BV standards promulgated by American Society of Appraisers.
Our experience in valuing business interests for estate and gift tax purposes includes:
- Interest in Closely-held business - common and preferred stock
- Restricted stock
- Partnerships and LLC's
- Stock options and other derivatives
- Notes receivable