The New IRS Appraiser Penalties Under Code ? 6695A: Fair and Balanced or Simply Unworkable?
By William S. Forsberg and Hugh F. Drake
The New IR S Appraiser Penalties Under Code § 6695A Fair and Balanced or Simply Unworkable? By William S. Forsberg and Hugh F. Drake 46 PROBATE & PROPERTY � SEPTEMBER/OCTOBER 2007 The Pension Protection Act of 2006 (PPA) imposes new penaltiie under Internal Revenue Code (“Code”) § 6695A for substantial or gross valuation misstatements. Without question, the need for propertt to be valued properly is critical under our current transfer tax and income tax system. Estate and trust attorneys often...