Gift and Estate Valuation
When the owners of privately-held companies or investment entities transfer equity interests to family members or others, they must disclose to the IRS the fair market value of the transferred interests. Transfers that fall within the annual exclusion or single life-time exclusion are non-taxable, while amounts in excess of the exclusions are subject to tax. In all cases, the taxpayer is responsible for properly documenting the value of the transferred intersts.
Quist has a long and established history in consulting with its clients and performing valuations for tax compliance issues. Working with many of the most well-respected tax attorneys in the country, we mitigate clients' risk by staying current with tax court cases and the legal and professional valuation landscape. This means understanding the strengths and weeakenesses in the various approaches to establishing discounts for lack of control and lack of marketability. Our team of expert analysts work in partnership with attorneys to ensure that clients are in compliance with IRS rules and guidelines.
Topics of Interest