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Valuations and Appraisals: Tax Saving Opportunities for Estates, Businesses, and Individual Contributions

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Wednesday, May 8, 2024

Recorded event now available

or call 1-800-926-7926

This webinar will analyze IRS requirements for valuations and appraisals. Our panel of financial analysts will compare scenarios in which appraisals are required with those in which they can bolster tax planning strategies for charitable contributions, business succession, and estate and gift tax.


The numerous cases that disallow substantial charitable contributions due to the lack of a qualified appraisal continue. (Chrem, et al. v. Commissioner (T.C. Memo. 2018-164), Estate of Hoensheid v. Commissioner (T.C. Memo. 2023-34), Braen, et. al. v. Commissioner, (T.C. Memo 2023-85)). In the latter case, Braen v. Commissioner, the taxpayers lost a $5.22 million charitable deduction because, among other shortfalls, they failed to get "qualified appraisals." In addition to losing a substantial charitable deduction, the Braens could be penalized for substantial understatement of income tax and negligence.

In certain situations, a valuation is required by the IRS, while in others, a valuation would highly benefit taxpayers. IRS requirements for valuations of assets transferred by individuals for gifts or charitable contributions and those made by businesses and estates for ownership transfers or bequests vary significantly. A compliant valuation or appraisal can ensure a deduction is retained when the IRS requires an appraisal and provide additional tax savings and protections in situations where a valuation is recommended. Tax advisers working with taxpayers and taxable entities need to understand the nuances of valuations.

Listen as our panel of valuation experts explains how and when engaging a qualified appraiser is necessary to secure the tax savings offered under common tax-saving scenarios.



  1. Introduction: valuations and appraisals
  2. IRS requirements for appraisals
  3. IRS requirements for valuation reports
  4. Utilizing valuations and appraisals
    1. Estate plans
    2. Gifting
    3. Charitable giving
    4. Business succession
    5. Other opportunities
  5. Best practices


The panel will cover these and other critical issues:

  • How the volatility of the market affects the need for valuations in estate plans
  • IRS requirements for valuation reports
  • How valuations can uncover tax planning opportunities in estate plans
  • When the IRS requires an appraisal by a qualified appraiser


Levine, Evan
Evan M. Levine

Founding Partner - Head of Valuation Engagements
Complete Advisors

Mr. Levine began his career in the summer of 1988 as the very first intern for Cowan Financial Group, a New York City...  |  Read More

Perry, Ronald
Ronald P. Perry

Moritt Hock & Hamroff

Mr. Perry concentrates his practice on all aspects of complex trusts and estates, elder law and succession planning...  |  Read More

Nainesh, Shah
Nainesh Shah, CFA, CVA

Complete Advisors

Mr. Shah grew up in Mumbai, India. He holds an MBA in finance from Dalhousie University, Canada, and a Bachelors in...  |  Read More

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