How to Comply with IRS Revenue Ruling 59-60

5 (1 vote)

Recorded On: 05/24/2023

No matter which valuation standards we use, convention and expectations require our appraisal reports to be consistent with the guidance in IRS Revenue Ruling 59-60, extant since 1959 and every bit relevant as the day it was issued. This Revenue Ruling is very specific as to the required elements of a business appraisal engagement, not only for tax purposes. It is incumbent on us all to comply clearly with the elements of 59-60.

This webinar will explore Rev. Rul. 59-60, identifying approaches and methods to comply with the elements and produce a standards compliant business appraisal engagement and report.

Howard A. Lewis

BCA, CVA (Emeritus), ABAR (Emeritus), M.A., M.S.

ISBA

Howard A. Lewis is the former National Program Manager of the Engineering and Valuation Programs at the IRS, where he served for over 32 years. He also served as the Executive Director of the Institute of Business Appraisers and ISBA. He is currently a Director of ISBA and a consultant with alliantgroup, a Houston company specializing in R&D tax credits for federal and state tax purposes.

Howard has eight children and, at the latest count, 14 grandchildren. He and his wife live in Hollywood, Florida, with their dog, Sheela.