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    ng> – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §6
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    Not only is an independent valuation a good idea when getting involved in a transaction, it is also a statutory requirement in many circumstances that involve Employee Stock Ownership Plans, Estate/Gift Taxes, Charitable Contributions or, most recently, the granting of Stock Options. And, in most circumstances, a solid independent valuation can be an insurance policy against tax assessments and accuracy-related penalties.

    Background – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §66

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    uirement in many circumstances that involve Employee Stock Ownership Plans, Estate/Gift Taxes, Charitable Contributions or, most recently, the granting of Stock Options. And, in most circumstances, a solid independent valuation can be an insurance policy against tax assessments and accuracy-related penalties.

    Background – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §6

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    ions or, most recently, the granting of Stock Options. And, in most circumstances, a solid independent valuation can be an insurance policy against tax assessments and accuracy-related penalties.

    Background – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §6

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    Background – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §6

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    ng> – The Omnibus Budget Reconciliation Act (OBRA) consolidated into one Internal Revenue Code section (IRC §6662) several different accuracy-related taxation penalties:

    (1) the negligence penalty
    (2) the substantial understatement of income tax penalty
    (3) the substantial valuation overstatement penalty
    (4) the substantial estate or gift tax valuation understatement penalty
    (5) the substantial overstatement of pension liabilities penalty

    The accuracy-related penalty is applied to the portion of any underpayment of tax that is att

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