Gregory Reveals What's Going on With the IRS and Tax Valuations.

This article discusses the recent developments and focus areas of the IRS in relation to tax valuations. The author, Michael Gregory, who has extensive experience at the IRS, highlights key issues that the agency is currently focusing on, including discount for lack of marketability, assumptions and limiting conditions, subchapter S tax affecting, reasonable compensation, cash flow and discount rate, and math errors. Gregory also mentions the importance of staying updated on emerging models and the scrutiny faced by famous names in the estate and gift area. Additionally, the article mentions the hiring plans of the IRS and the potential impact on efficiency rates. Readers interested in more information can visit Gregory's blog for regular updates on IRS-related topics. [Extracted from the article]