Increased audit risks by the IRS?

BVUpdate in its January 2014 issue sited the hot topics discussed at the AICPA FVS Confernence noting, “Thomas Hilton (Anders) mentioned that automatic IRS audits can be triggered because agent in some areas will pull an estate and gift tax return prepared by the same firm that does an attached valuation. It was mentioned that nothing in the standards prevents valuation experts from doing both, but it could increase the risk to the client, so it may not be a good idea.” Chaffe & Associates, Inc. does not provide tax compliance or attestation services. Consider allowing Chaffe & Associates, Inc. provide the valuation for your tax client.