We Provide Valuation Solutions.
Valuation and tax-related advice, review of appraisals for errors, omissions and inconsistencies, evaluation of appraisals for IRS audit potential and financial exposure and assistance in the valuation process, especially as to how the IRS may present the issues as well as how to prepare an appraisal that would decrease the chance of an IRS audit. We look for incidents of over-valuation and under-valuation and strengths and weaknesses of the subject appraisals.
Solid, credible, defensible professional valuation reports for assets including intellectual property (music/film/sports copyrights, trademarks, patents, name & likeness rights), business interests (partial interest discount report) and real property (fractional interest discounts). Our team of professionals have decades of valuation experience.
Royalty Complaince Audits
Our audits are structured to identify potential underreported royalty income. We operate in many industries, including the entertainment, manufacturing and franchise industries.
Why us? We have the credentials and experience.
Michael A. Perlmutter
I know how to identify IRS audit red flags and how to avoid them. I have 27 years Internal Revenue Service experience as an Estate Tax Attorney and Revenue Agent, hold active California attorney and CPA licenses, as well as certifications as a certified valuation analyst and business appraisal reviewer. At the IRS, I reviewed thousands of valuation appraisals for audit selection and audited some of the wealthiest and highest profile taxpayers. I assisted in sending some of the most significant cases to IRS Appeals and even to Tax Court. My background and focus is on intellectual property valuation, business valuation and partial interest discount issues.
Wayne C. Coleman and Darla Y. Crain
We each have decades of business and valuation knowledge and experience working most types of valuation appraisal assignments, and with some of the most prominent A-List names in the Entertainment industry. We also specialize in royalty compliance audit work. See our lengthy resume of past and current valuation and royalty license related engagements under the "CLIENT BASE" tab above.
Together, we create a unique and powerful team that combines IRS inside knowledge with private practice valuation industry experience. This gives us a distinct advantage in preparing solid, credible and defensible valuation appraisals, in providing consulting advice and expert witness testimony and in reviewing appraisal reports for potentially costly valuation issues.
We have offices in Los Angeles and St. Louis.
"At the IRS, I reviewed thousands of valuation appraisals and found many of them poorly done, containing errors, omissions and inconsistencies. I know how to produce solid, credible and defensible appraisals."
"We have created a unique opportunity by partnering my extensive IRS experience with seasoned private practice business and valuation industry specialists, resulting in a rarely matched valuation perspective."
Michael A. Perlmutter