estate and gift tax

Special planning may be required for state estate taxes, as most states do not have the state tax exemption portable between married couples and, as a result, there is a difference between the state estate tax exemption and federal estate tax exemption. The differences between federal and state estate exemptions provide an opportunity to review and explore options for the transition of family wealth and, in conjunction with lower asset values and interest rates, move substantial amounts of wealth out of taxable estates. However, the 2006 addition of §170 (f) (11)(E) to the Tax Code pertaining to Qualified Appraisals/Appraisers imposes standards on opinions of value. Noncompliance could result in time-consuming IRS challenges and costly penalties. In addition, failure to comply with the adequate disclosure regulations published in 1999 may result in an audit window that never closes. These implications makes it imperative for families and their tax advisors to engage qualified and knowledgeable valuation professionals.

Alps Venture Partners has significant experience in providing quality valuation services for compliance with federal estate and gift tax provisions. We provide valuations in compliance with professional standards including the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by The Appraisal Foundation and ASA – BV standards promulgated by American Society of Appraisers.

Our services include valuation of:

  • Interest in closely-held business - common and preferred stock

  • Restricted stock

  • Partnerships and LLCs

  • Stock options and other derivatives

  • Notes receivable