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The IRS Proposed Regulation Affecting Company Value and Transfers

October 06, 2016
8:00 AM to 10:00 AM EST

Duquesne Club - Walnut Room
325 6th Avenue
Pittsburgh, Pennsylvania 15222
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Mindy Millanti
(412) 315-2281
  • Summary
  • Agenda
  • Presenters
Deciphering the Proposed Regulations and Their Effect on the Business Owner

Please join BDO Consulting for a complimentary breakfast seminar featuring continuing legal education. 

On August 2, 2016, the Internal Revenue Service Issued its proposed regulations (Section 2704) which impact the transfer on interests in family owned companies, as well as the value of those entities for transfer purposes.  In this session we will:
  • Discuss the key regulations;
  • Discuss issues related to the regulations and their applicability for transfer planning purposes, as well as challenges which may be made to the regulations;
  • Provide insight into the impact for business planning purposes, as well as potential litigation; and
  • Facilitate discussion with the audience relative to applicability and client advice.
We will use case examples to illustrate the impact of the regulations and will provide insight for clients on the application to individual situations. 

Additionally, we will talk about the potential implications outside of estate and gift tax planning, including how these regulations may affect litigation valuations as well as merger and acquisition negotiations.

This session will include a slide deck summarizing the key regulations and their impact, for use in communicating with clients. 
8:00 AM to 8:30 AM – Registration

8:30 AM to 10:00 AM – Seminar

1.5 CLE credits available
Brandon J. Otis, CPA/CFF/ABV, CFE, CVA
Managing Director, BDO Consulting

Brandon Otis is a Managing Director in BDO Consulting’s Pittsburgh office.  He is a Certified Public Accountant and has been awarded the Certified in Financial Forensics and Accredited in Business Valuation designations by the American Institute of Certified Public Accountants.  Brandon has also obtained the Certified Fraud Examiner designation from the Association of Certified Fraud Examiners and the Certified Valuation Analyst designation from the National Association of Certified Valuation Analysts.

Brandon has spent his career focusing on specialized and distinct business consulting matters.  He has testified in federal and state court matters and is a frequent speaker on valuation, forensic accounting, and financial management related topics.  With significant experience in a wide variety of industries, including oil and gas, insurance, manufacturing and distribution, professional services, medical practices and construction contractors, Brandon’s clients have ranged from Fortune 500 firms and some of the nation’s largest professional practice firms, to individuals and sole proprietorships.

Joshua Lefcowitz, CPA/ABV/CFF, CVA, CFE, ASA
BDO Consulting Managing Director

Joshua Lefcowitz is a Managing Director in BDO Consulting’s Valuation & Business Analytics Practice in the firm’s Pittsburgh office. Mr. Lefcowitz has nearly 15 years of public accounting experience providing dispute advisory, forensic accounting, and valuation services for a wide array of purposes.  Mr. Lefcowitz has performed business valuations, as well as valuation services related to intangible assets, purchase price allocations, intellectual property, oil and natural gas rights in Marcellus Shale formation, and goodwill impairment testing.

He has significant experience serving clients across a range of industry sectors, including oil and gas, healthcare, manufacturing, retail, professional services, technology, biotechnology, wholesale distribution, and advertising.

Mr. Lefcowitz is a Certified Public Accountant in Pennsylvania and is Accredited in Business Valuation and Certified in Financial Forensics. He also holds designations as an Accredited Senior Appraiser, Certified Valuation Analyst and Certified Fraud Examiner. Notably, Mr. Lefcowitz was one of only 15 Accredited Senior Appraisers to complete the American Society of Appraiser’s Inaugural Multidisciplinary Advanced Education in Healthcare Valuation Program.

Brooke T. Anderson, JD
Regional Managing Director - Private Client Services

Ms. Anderson has advised and provided consulting services to clients for more than ten years. Her expertise includes working with affluent clients in the areas of trust administration, fiduciary responsibility, gift taxation, generation-skipping transfer taxation and estate taxation and planning. Ms. Anderson’s experience has focused on assessing current situations, identifying risks and proposing possible solutions to achieve the most optimal results. 

Ms. Anderson serves a diverse client base by providing a wide range of services including: estate and trust planning; multi-generational wealth transfer; tax planning and risk management.

Ms. Anderson has spoken on various estate tax topics and has been quoted in several publications.

In addition, Ms. Anderson serves as the Managing Director of the Central Region of BDO’s Private Client Service group.