Author Archives: ibaadmin

IBA’s Howard Lewis Presents to IRS on Appraisal Regulation, Penalties

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.

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Testimony of Howard A. Lewis, Executive Director, Institute of Business Appraisers at the IRS Panel Discussion

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 [...]

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NACVA/IBA 2010 Annual Consultants’ Conference

 June 2-5, 2010 The Fontaineblueau Miami Beach
The Coming Tidal Wave
There will be over 800,000 middle market businesses with an estimated total value of $3.3 trillion disposed of between 2011 and 2029. Are you prepared to capitalize on this opportunity? Find out how from Dennis J. Roberts, CPA/ABV, CVA, CMAP in his revelatory presentation, “The [...]

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Chartwell Capital Solutions Is Excited to Announce It’s New Addition, Pamela Steverango

 FOR IMMEDIATE RELEASE
 Contact: Paul Halverson, CEO, CBA
 612-230-3100
paul.halverson@chartwellcapitalsolutions.com
   
MINNEAPOLIS, MN, January 21, 2010 — In a move to further its West Coast presence, Chartwell Capital Solutions is excited to announce the addition of Pamela Steverango who will lead the firm’s new San Francisco office.   Pamela is the former President and owner of Valuation Analysts, Inc. and will [...]

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Seattle U Partners with the Institute of Business Appraisers for Special Certification

Tuesday, January 07, 2010

Seattle University’s Albers School of Business and Economics has announced a partnership with the Institute of Business Appraisers (IBA) to offer a fast track to the IBA’s Certified Business Appraiser (CBA) designation. The IBA has approved Seattle University’s Business Valuation Specialization for Master of Professional Accounting, Master of Science in Finance and the Post Graduate Certificate of Business Valuation certificate for this fast track program. Students who attain either degree or certificate will qualify for 66 of the 90 business valuation education hours required for the IBA’s CBA designation.

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IBA Introduces a New Book: “Pricing a Small Business for Sale”

IBA Introduces a New Book: “Pricing a Small Business for Sale”
This Book Offers appraisers a bridge between the theoretical world of “fair market value” and the real world of actual sales.  Appraisers will find the book provides an invaluable perspective on business value as well as a realistic method to provide a “sanity check” for [...]

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Current Developments in Fair Value Accounting Valuation Issues

Current Developments in Fair Value Accounting Valuation Issues

By Robert F. Reilly, CPA, ASA, CBA, CFA, CMA

Introduction

Fair value accounting continues to receive a lot of press, both in the technical accounting and financial journals and in the general business publications. Rightly or wrongly, it seems like the implementation of various fair value accounting standards have caused more controversy than just about any other financial accounting standards changes in the last several decades.

Correctly or not, the financial instrument fair value disclosure requirements were blamed for both the credit crisis and the general economic downturn that occurred in Autumn 2008. Correctly or not, the fair value accounting provisions related to financial institution investments were blamed for the financial distress at many commercial and investment banks.

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Duff & Phelps featured on 11/9 edition of CNBC’s Mad Money, with Jim Cramer

Duff & Phelps featured on 11/9 edition of CNBC’s Mad Money, with Jim Cramer
In an eight-minute segment last Monday, Cramer described the financial advisory firm Duff & Phelps’ service portfolio, the firm’s financial health, and went on to explain why independent valuation experts are in such demand.
IBA has the Duff & Phelps data you need [...]

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Orange County Business Appraiser Is Among First to Earn Ground-breaking Advanced Designation

Lake Forest, CA (Monday, October 26, 2009) – Business appraisal specialist Thomas Kalajian is the first professional in private practice in Southern and Central California to earn the prestigious new senior business appraisal designation, Accredited in Business Appraisal Review (ABAR), awarded by the Institute of Business Appraisers.

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There are Too Many Standards Out There

By Howard A. Lewis, ABAR, AVA – IBA Executive Director

It’s been said that “too many standards are no standards at all.” In our profession, standards have come to be known as an “alphabet soup,” the “real standards” have been challenged to “stand up” and show themselves, and business appraisers across the country are increasingly concerned with the confusion and potential risks involved in learning, understanding, and applying numerous sets of standards.

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