Trugman Valuation Associates’ Estate and Gift tax professionals have significant experience in the preparation of business valuations for these tax-related areas. With almost 30 years of experience working with attorneys, CPAs, financial planners and other estate planning professionals, as well as the Internal Revenue Service, Trugman Valuation Associates has developed a clear understanding of the rules and regulations impacting taxpayers and taxing authorities, particularly with respect to issues involved in the valuation of closely held business interests. At Trugman Valuation Associates, we are familiar with the various tax provisions impacting this area of practice. Our Principals, Linda and Gary Trugman also qualify as qualified appraisers under the Pension Protection Act of 2006.
Trugman Valuation Associates assists it clients through all phases of the valuation process, including audit and U.S. Tax Court proceedings. We work with the client’s attorneys, accountants, and estate planning professionals toward resolution of the issues that arise in this area of practice.
Trugman Valuation Associates has also worked directly for the taxing authorities on valuation matters. We are well versed in U.S. Tax Court decisions concerning valuation discounts and premiums, S Corporation issues, and built-in gains tax liability issues, to name just a few.
Trugman Valuation Associates’ principals are frequently invited to speak before legal, estate planning, appraisal and accounting groups on various issues ranging from Valuing Family Limited Partnerships, Tax and Valuation Preparer Penalties, What You Need to Know about Revenue Ruling 59-60, and others. Linda Trugman has been invited all over the United States to speak on these topics and she is currently working with publisher, Business Valuation Resources, to rewrite its Guide to Estate and Gift Taxes. She has also published an article in The Tax Advisor, "The
Valuation of FLPs: What Does the Tax Practitioner Need to Know?".
Trugman Valuation Associates performs valuations for S corporation conversions and charitable donation purposes. We also perform reasonable compensation analyses for deductibility under Section 162 of the Internal Revenue Code. We are familiar with the tax regulations and case law regarding these types of engagements.