Gift Estate Tax Valuations

Expert Valuation Services provided Nationwide

At Gibraltar Business Valuations, we offer a full line of business appraisal services, including:

• Valuation of intellectual property
• Business related discount studies
• Valuation of closely held stock
• Litigation support related to business appraisal

For federal transfer tax purposes, assets that are given or inherited must be valued. The IRS requires that these services be performed by a qualified appraiser.

For help, call Gibraltar Business Valuations today at (855) 231-1401 or fill out our online contact form.

IRS Estate Tax Appraisal Requirements

These situations often receive special attention from the United States Internal Revenue Service (IRS), the Department of Labor, and other state and federal regulatory agencies. Any perceived discrepancy or undervaluing in the bequeathed assets could result in serious tax penalties.

For this reason, it is vitally important to have business assets and property held in an estate or gifted to an heir professionally valued by a qualified appraiser even though they are not mandatory. Not only does this result in a more precise and accurate appraisal, but it also lowers the risk of tax penalties and minimizes the amount of taxes paid.

Information that should be included in a qualified appraisal:

• Value of property
• Condition of property
• Valuation effective date
• Fair market value

The government already takes a close look at every single estate tax return. That scrutiny will only increase if a qualified appraiser is not involved. Hiring Gibraltar Business Valuations will go a long way to passing through that scrutiny with a favorable outcome.

Why Hire Our Business Appraisal Service?

In recent years, various developments have emphasized and increased the value of professional valuation for gift and estate tax purposes. There are several reasons why a professional valuation is a wise move.

As the tax system has changed, putting more and more people into higher brackets, valuation services can serve as a cost-effective form of tax planning. Additionally, IRS rules such as Revenue Ruling 93-12—which repealed the former family attribution, and Revenue Ruling 81-253 have affected those who inherited or were gifted assets.

And finally, family limited partnerships can be used as a valuable means of securing valuation discounts. Speak with a professional from Gibraltar Business Valuations to learn more about our business appraisal services.

Call our office today at (855) 231-1401 to set up an appointment for a case evaluation or to learn more about our services.