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7 Considerations for Gift and Estate Valuation Amid COVID-19

Jan 26, 2021

It is no secret that COVID-19 brought uncertainties and unprecedented challenges for many businesses. Although 2020 is over, many unidentifiable risks remain as of today, which makes valuation of businesses and business interests ever more difficult this year.

Though valuation is oftentimes forward-looking, Angela Sadang in Law360 discusses why we need to look back in order to move forward, especially for gift and estate tax filings which may potentially end up in litigation or possibly challenged in an IRS audit.

Read the whole article here.