The Internal Revenue Service has an estimated budget of $19.8 billion for fiscal year (FY) 2024—less than what was originally allocated under the Inflation Reduction Act but still a 50% increase from prior years. The IRS plans to use some of this money to hire new employees in the area of valuation. Here’s an overview of how the makeup of the valuation employees will change and the ramifications of those changes. You may want to counsel your experts on how to interact with the IRS on
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