{"id":715,"date":"2012-07-18T03:17:26","date_gmt":"2012-07-18T03:17:26","guid":{"rendered":"http:\/\/ua-cpas.com\/blog\/?p=715"},"modified":"2012-07-18T03:17:26","modified_gmt":"2012-07-18T03:17:26","slug":"gift-tax-returns-selected-for-irs-audit","status":"publish","type":"post","link":"https:\/\/www.ua-cpas.com\/blog\/index.php\/2012\/07\/18\/gift-tax-returns-selected-for-irs-audit\/","title":{"rendered":"Gifts that Catch the IRS\u2019s Attention"},"content":{"rendered":"<p>A recent publication by the U.S. Government Accountability Office highlights the increasing IRS trend of auditing returns that include items likely to involve an appraiser. A primary focus is on gift and estate returns, which often include such items. IRS technical advisors identified several gifts as being likely to involve an appraiser, including:<br \/>\n\u2022 Retirement plans<br \/>\n\u2022 Personal residence<br \/>\n\u2022 Real estate, improved<br \/>\n\u2022 Real Estate partnerships<br \/>\n\u2022 Other limited partnerships<br \/>\n\u2022 Art<br \/>\nIf you are considering gifting your business make sure to have a certified business valuator appraise it. You\u2019ll be happy you did if the IRS should ever come knocking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gift tax returns which include an appraisal are more likely to be audited by the IRS. Engaging a certified valuation analyst (CVA) or a CPA accredited in Business Valuation (ABV) is prudent when valuing business interests for Gift Tax Returns.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,6],"tags":[52,103],"class_list":{"0":"post-715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-valuations","7":"category-estate-trusts-guardianships","8":"tag-business-valuations","9":"tag-gift-taxes","10":"entry"},"_links":{"self":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=715"}],"version-history":[{"count":0,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}