Estate, Gift, and Income Tax Planning and Reporting

The Internal Revenue Service requires a qualified business appraisal for estate, gift, and other tax matters involving the valuation of privately held stock and other securities for which ready pricing is not available.  Chaffe & Associates, Inc.’s professionals have the experience and education to meet these requirements, and they regularly perform this service for businesses in a variety of industries.

Our professionals have designations from many of the leading investment banking and appraisal foundations including, Accredited Senior Appraiser by the American Society of Appraisers, Chartered Financial Analyst by the CFA Institute, and Accredited in Business Valuation by the American Institute of Certified Public Accountants. The professionals also attend conferences, review court decisions, and interact with our mergers and acquisitions department to keep current on tax changes, market conditions, and valuation theory.

No matter the situation, Chaffe & Associates, Inc. prides itself on its discretion and confidentiality.  Many of our assignments entail personal as well as business issues and have significant financial consequences.  We are sensitive to these issues and make every effort to treat all parties involved with the highest degree of care and respect.  In fact, many of our clients are so confident in our confidentiality they choose to Chaffe & Associates, Inc. even when they know their direct competitors are also clients.

Chaffe & Associates, Inc.’s analysis and report conform to Internal Revenue Service’s Revenue Rulings 59-60 and 65-192, the American Institute of Certified Public Accountants’ Statement on Standards for Valuation Services 1, and the Uniform Standards of Professional Appraisal Practice (“USPAP”) promulgated by the Appraisal Foundation, the Business Valuation Standards.  Chaffe & Associates, Inc. is a “qualified appraiser” and its reports are “qualified appraisals” as defined by the Internal Revenue Service.

Services in this area are designed to assist with the following:

  • Determination of fair market value to complete forms 706 and 709
  • Stock redemptions
  • Exit planning
  • Restricted stock (Rule 144)
  • Buy-Sell agreements
  • Valuation of partnership and L.L.C. interests
  • Recapitalization of voting and non-voting shares]
  • Intrafamily sales and other transfers
  • Valuation of debt, preferred stock and other securities
  • Charitable contributions of privately held securities
  • S corporation conversions