Valuation Disputes

Maryland Tax Attorney Resolving Valuation Disputes

Many disputes with the IRS involve disagreements over the value of property.  While a taxpayer may believe that an item has been valued correctly, the IRS may take the position that the property has been undervalued or overvalued.  When valuation disputes with the IRS arise, taxpayers should seek the assistance of a skilled tax law attorney to help resolve the matter.  The IRS examiners utilize complex procedures and techniques when valuing property, so you need to be certain that you have an attorney who fully understands the how IRS valuation process works.

The tax lawyers at US International Tax Advisors have years of experience representing clients in IRS valuation disputes.  Our attorneys work with clients in Maryland and across the country to help sort out complicated tax liability disagreements with the IRS.  We are former IRS lawyers who are very familiar with the examination techniques used by the IRS.  Our lawyers have helped clients resolve a wide variety of valuation issues, including disputes with the IRS over the valuation or worth of:

• Charitable donations
• Gifts
• Estate distributions
• Business transfers
• Damages arising from theft, lawsuits, casualty, loss, divorce and other events
• Other assets and property 

In some valuation disputes the IRS may allege the taxpayer has undervalued or overvalued a property report in an attempt to pay lower taxes.  In other situations, dishonest personnel at the IRS may have valued items incorrectly so that the taxpayer will be responsible for paying higher taxes.  Sometimes the IRS makes an honest valuation mistake or may be unaware of certain extenuating circumstances impacting the value of the property in question. 

Regardless of whether the valuation dispute is due to a simple disagreement over the value of property or involves alleged dishonesty or a mistake, when the IRS challenges a taxpayer’s valuation it is necessary to consult with a knowledgeable tax lawyer.  Your attorney will carefully review the situation and identify the best steps available to resolve the matter.  In many cases the matters in dispute are complex, involving hundreds of thousands if not millions of dollars.  In complicated, high-stakes situations, such as buying or selling a business, you need to have a knowledgeable legal professional on your side. Your attorney can gather all of the information necessary to support the valuation and aggressively advocate your position to the government. 

Discuss Your Situation with a Leading Tax Law Team

If you are involved in a valuation dispute with the IRS contact US International Tax Advisors today.  We are a leading national and international tax law firm that works with taxpayers to resolve challenging tax law controversies and disputes.  When our clients are dealing with an IRS valuation dispute we work with valuation experts and expert appraisers to assess and support the proper valuation of their property.  We understand the sensitive nature of these cases and are committed to helping our clients resolve the matter in the most favorable manner possible.

To schedule a confidential consultation with the tax law team in our Maryland satellite offices, please call 844-796-8565.