Gift and Estate Tax Valuation
ValueScope’s team of highly degreed and credentialed professionals have been relied on for decades by clients to navigate extensive estate planning transactions involving tangible and intangible assets, tiered and complex valuation interests and can defend their opinions under intense examination with well documented and supported analyses.
We tap into our extensive expertise to guide clients through the complexities of the tax regulations. The ValueScope approach and deep understanding of the regulatory landscape enables us to deliver tailored solutions that meet each client’s unique needs. We routinely value closely held corporations, family limited partnerships (FLPs), LLCs, stock options and restricted stock. Fair market values are determined following the IRS’s Revenue Ruling 59-60 as well as industry standards including USPAP and SSVS. The complexities of succession planning and estate reporting make accurate valuations challenging. Increased IRS scrutiny of estate and gift tax valuations means that errors can lead to severe consequences. Having an experienced and knowledgeable valuation advisor is crucial.
Our Gift and Estate Tax Valuations include but are not limited to:
- Valuation of Closely Held Business Interests
- Discount Studies
- Business Valuations
Be prepared as the elevated exemption of 2017 is set to expire:
The concept of the gift tax was introduced in 1932, and since then, the exemption amount has varied significantly. In 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act temporarily unified the estate and gift tax exemptions at $5 million. This amount was further increased by the Tax Cuts and Jobs Act of 2017 (TCJA) to $11.18 million per individual, indexed for inflation, resulting in a current exemption of approximately $12.92 million for 2023. However, this elevated exemption is set to expire on December 31, 2025, reverting to pre-TCJA levels unless Congress takes action.
How Can ValueScope Assist in Gifting
Accurate Valuations
ValueScope provides precise and reliable valuations of business interests and other assets, ensuring compliance with IRS requirements and optimizing your gifting strategy.
Strategic Planning
With extensive experience in estate planning, ValueScope can help develop and implement a comprehensive gifting plan tailored to your specific needs and goals.
Minimizing Tax Liabilities
By accurately valuing assets and advising on the optimal timing and structure of gifts, ValueScope helps minimize potential gift and estate tax liabilities.
Expert Testimony
If needed, ValueScope can provide expert testimony and support in any disputes with tax authorities, ensuring your interests are well-protected.
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