Estate and Gift Tax

Precise valuations and adequate disclosure are required

If you're considering retiring and/or transitioning ownership of your business to the next generation, there are a host of valuation issues to consider.

Estate and gift taxes are part of the unified gift and estate tax system established to make sure the federal government gets a share of your assets. Many states also have estate or inheritance taxes designed to accomplish the same thing.

Maybe you're hoping to transfer the wealth you've accumulated in your business to your children and minimize your estate taxes at the same time. By using a gifting strategy you may be able to do just that. However, the IRS may scrutinize any required gift tax returns to make sure you've provided "adequate disclosure" – a qualified appraisal by a qualified appraiser. That makes credible valuation a significant planning and compliance issue.

Because you have to make sure your gift tax returns are accurate, and provide adequate disclosure, it's important to trust a professional.

Your RSM team includes valuation, tax, industry, transactional and financial planning professionals – all under one roof – who will collaborate with you to help you realize your goals. For decades, we've helped business owners in virtually every industry assess, protect and maximize a lifetime of effort for retirement and future generations.

When you need a trusted valuation professional, trust RSM. 

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or