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LLC appraisals for IRS Form 706, prepared in accordance with IRS estate tax requirements (Form 706). AppraiseItNow provides USPAP-compliant appraisals covering membership interests, operating agreements, and applicable discounts to protect heirs from penalties and basis issues.
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DEFENSIBLE, USPAP-COMPLIANT LIMITED LIABILITY COMPANY APPRAISAL REPORTS — QUALIFIED FOR THE IRS, PROBATE COURTS, AND ESTATE ATTORNEYS.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Business Valuation Expert & Appraiser
ASA, ABV, and CFA charterholder. Since 2016 Justin has valued businesses for estate and gift tax, purchase price allocations, fairness opinions, lending, and buy-sell agreements, across manufacturing, services, retail, and pre-revenue biotech.
Business Valuation Expert & Appraiser
Accredited Senior Appraiser with the American Society of Appraisers. Raymond values capital stock, business enterprises, stock options, and intangible assets.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
American Society of AppraisersAccredited Senior Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsWhen a decedent held an ownership interest in a limited liability company, that interest must be reported at fair market value as of the date of death on IRS Form 706. Filing is required when the gross estate exceeds $13,990,000 for decedents dying in 2025, rising to $15,000,000 in 2026, though appraisals are also needed in smaller estates to establish basis consistency under IRC Section 1014(f) or to claim portability of the unused exclusion. Our business valuation practice covers full and partial LLC membership interests across industries, applying the Rev. Rul. 59-60 framework and a strict date-of-death snapshot approach as required by the IRS.
Engagements are completed remotely using financial statements, operating agreements, and tax returns, or onsite for operating companies with complex assets. Our Form 706 estate tax appraisal services are available, and every report is prepared by a credentialed appraiser and meets the qualified appraisal standards required for attachment to the return.
AppraiseItNow appraises a wide range of LLC structures and interest types that commonly appear in taxable estates.
Our process and deliverables are designed to meet IRS qualified appraisal requirements and withstand scrutiny from estate counsel, CPAs, and revenue agents.
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
No. The IRS requires fair market value at the date of death under IRC Section 2031, and it states directly that the gross estate is not based on what was paid for an asset. Capital accounts and tax basis omit goodwill, growth expectations, and the discounts appropriate to the specific interest.
A Revenue Ruling 59-60 analysis covering the company's nature and history, economic and industry outlook, financial condition, earning and dividend capacity, goodwill, prior sales of the interest, and comparable companies, applied through the income, market, or asset approach as appropriate. Book value alone is not accepted support.
They are permitted but heavily scrutinized. Each discount must be supported by data and by the LLC's actual operating agreement and transfer restrictions, and Chapter 14 (IRC Sections 2701 through 2704) can disregard certain liquidation and transfer restrictions in family-controlled entities, capping how far discounting can go.
The agreed post-audit values control later filings, including Form 706-A recomputations. Sharply different per-unit values across gift tax returns, buy-sell agreements, and the estate return are themselves a dispute trigger, so the Form 706 value should reconcile with every prior transfer of the same interest.