The IRS Small Business/Self-Employed Division has issued interim guidance on the procedures for implementing the gross valuation misstatements penalty attributable to incorrect appraisals under section 6695A.
See Tax Analysts: "IRS Issues SB/SE Interim Guidance on Gross Valuation Misstatements Penalty," 2009 TNT 180-65, August 18, 2009
Posted by Raj Chudgar, Associate Editor, Wealth Strategies Journal

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