By ibaadmin | Published:
February 18, 2010
IBA’s Howard Lewis Presents to IRS on Appraisal Regulation, Penalties
Lewis, executive director of the Institute of Business Appraisers, once served as national program director for valuation services at the IRS; joins other appraisal stakeholders to offer feedback on IRS section 6695A penalties
02.18.2010 – PLANTATION, FLORIDA – The Institute of Business Appraisers (IBA), the oldest professional society devoted solely to the appraisal of closely held businesses, today announced that its executive director, Howard Lewis, will meet with the IRS Office of Servicewide Penalties (OSP) this Thursday, February 18th, in Washington D.C. The IRS has requested that Lewis, and other stakeholders from the appraisal and valuation industry, offer feedback and policy guidance on IRS section 6695A penalties, which may be assessed against appraisers for substantial and gross valuation misstatements attributable to incorrect appraisals.
By ibaadmin | Published:
February 18, 2010
Testimony of Howard A. Lewis, Executive Director, Institute of Business Appraisers at the IRS Panel Discussion
Internal Revenue Code 6695A
Substantial and Gross Valuation Misstatements Attributable to Incorrect Appraisals
New Carrolton, MD
February 18, 2010
My name is Howard A. Lewis. I’m the Executive Director of the Institute of Business Appraisers, located in Plantation, Florida. I’m also the former National [...]
In my favorite novel, Ayn Rand’s Atlas Shrugged, a philosophy professor constantly urges his students and others to “Check Your Premises” – to be aware of their fundamental assumptions.
In business valuation, our fundamental assumptions are the parameters of our engagement: identifying the client, the purpose and use of the appraisal, the size and type of [...]
Alpha Company’s shareholders have a problem. One is retiring and needs to be bought out. The shareholders have agreed that Alpha will buy the shares (for cash). They also agree on the value of the stock before the buyout. Everything is cool, except for one thing. The remaining shareholders think the buyout price should be [...]
