Category Archives: News Releases

Building on a History of Excellence – A Discussion with IBA Headquarters on the Future of Business Valuation in the United States

As business appraisers, brokers, consultants, and financial analysts reach toward new trends and valuation markets, IBA supports these efforts by building on our history of excellence in the fields of private company transaction data, professional standards, education, distance learning, industry research and our expanded network of resource partners.
The questions and answers below are a continuation [...]

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The Demand for Business Valuation Education for Business Lawyers and Litigators who Handle Commercial Matters

Accounting, Finance, Marketing and Management for Recent Law Grads
Mark S. Farha
06-02-2010
A lack of formal business training may adversely impact recent legal graduates’ practices in two ways. Lawyers entering solo practices or small firms that must manage their own practices will lack the knowledge base to do so effectively. Lawyers representing businesses will be less effective [...]

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IBA’s New Certification Workshops Featured in the Wall Street Journal’s MarketWatch and CBS’ Money Watch

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The business appraisal profession is growing rapidly, and with these changes comes the requirement for frequent and dynamic education that meets the needs of our ever-changing business landscape.
Featured in Wall Street Journal’s MarketWatch News site and CBS’ Money Watch, IBA’s new certification workshops, 8003 Introduction to Business Appraisal and 8004 comprehensive Certified Business Appraiser, [...]

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Tax Court Rejects Taxpayer’s Appraisal As “Not Qualified.” Thus Sidestepping Any Evidence of Value

TAX COURT REJECTS TAXPAYER’S APPRAISAL AS “NOT QUALIFIED,” THUS SIDESTEPPING ANY EVIDENCE OF VALUE
Assuring the Quality of an Appraisal is More Important than Ever
By Howard A. Lewis, Executive Director
The United States Tax Court, in a memorandum decision (Scheidelman v. CIR, T.C. Memo. 2010-151, No. 15171-08), dated July 14, 2010, sustained deficiencies and penalties assessed against [...]

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IBA Announces a Special Webinar Entitled,”Loss Claims Resulting from the Deepwater Horizon Oil Spill and the BP Claims Process”.

Loss Claims Resulting from the Deepwater Horizon Oil Spill and the BP Claims Process
On July 29, 2010 the Institute of Business Appraiser (IBA) will co-host a cutting edge two hour webinar to address the economic loss claims that inundate the gulf coast region as a result of the BP Oil Spill. Businesses throughout the gulf [...]

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IRS Addresses IBA’s Comments on Appraiser Penalty Administration

Recently, the Institute of Business Appraisers received a response to several comments that IBA’s executive director, Howard A. Lewis, addressed in his presentation to the IRS on Appraisal Regulation and appraiser penalties. Mr Lewis previously served as national program manager for the engineering and valuation programs at the IRS.Â
IBA’s major recommendations were:
IRS should, at a [...]

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THE INSTITUTE OF BUSINESS APPRAISERS (IBA) ANNOUNCES ITS 2010 ELECTION RESULTS FOR THE IBA BOARD OF GOVERNORS, AND THE PROFESSIONAL RESPONSIBILITY, ACCREDITATION, AND EDUCATION BOARDS

THE INSTITUTE OF BUSINESS APPRAISERS (IBA) ANNOUNCES ITS 2010 ELECTION RESULTS FOR THE IBA BOARD OF GOVERNORS, AND THE PROFESSIONAL RESPONSIBILITY, ACCREDITATION, AND EDUCATION BOARDS
Fort Lauderdale, FL —June 5, 2010—The Institute of Business Appraisers is very pleased to announce the electees for each of our four IBA Boards. They are as follows: 

IBA Board of Governors
Professional Responsibility [...]

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IBA’s Howard Lewis Presents to IRS on Appraisal Regulation, Penalties

IBA’s Howard Lewis Presents to IRS on Appraisal Regulation, Penalties
Lewis, executive director of the Institute of Business Appraisers, once served as national program director for valuation services at the IRS; joins other appraisal stakeholders to offer feedback on IRS section 6695A penalties

02.18.2010 – PLANTATION, FLORIDA – The Institute of Business Appraisers (IBA), the oldest professional society devoted solely to the appraisal of closely held businesses, today announced that its executive director, Howard Lewis, will meet with the IRS Office of Servicewide Penalties (OSP) this Thursday, February 18th, in Washington D.C. The IRS has requested that Lewis, and other stakeholders from the appraisal and valuation industry, offer feedback and policy guidance on IRS section 6695A penalties, which may be assessed against appraisers for substantial and gross valuation misstatements attributable to incorrect appraisals.

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Testimony of Howard A. Lewis, Executive Director, Institute of Business Appraisers at the IRS Panel Discussion

Testimony of Howard A. Lewis, Executive Director, Institute of Business Appraisers at the IRS Panel Discussion
Internal Revenue Code 6695A
Substantial and Gross Valuation Misstatements Attributable to Incorrect Appraisals
New Carrolton, MD
February 18, 2010
My name is Howard A. Lewis. I’m the Executive Director of the Institute of Business Appraisers, located in Plantation, Florida. I’m also the former National [...]

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NACVA/IBA 2010 Annual Consultants’ Conference

 June 2-5, 2010 The Fontaineblueau Miami Beach
The Coming Tidal Wave
There will be over 800,000 middle market businesses with an estimated total value of $3.3 trillion disposed of between 2011 and 2029. Are you prepared to capitalize on this opportunity? Find out how from Dennis J. Roberts, CPA/ABV, CVA, CMAP in his revelatory presentation, “The [...]

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