2024 IAC GJ - The Impact of $80 Billion and 87,000 Additional IRS Employees on PP and Gems and Jewelry

Session Description

The Inflation Reduction Act was supposed to provide the IRS $80 billion additional dollars and add 87,000 employees over the next 10 years but has been reduced by Congress. During this session Mike takes a  look at the IRS strategic plan, public information available from the Treasury Department and IRS, and shares with you his insights of what this may mean overall related to personal property, machinery and equipment  in the IRS Engineering Program and gems and jewelry as they relate to the artwork panel and valuation. Both short term  and longer-term implications are presented to give appraisers an idea of what may be expected in the future given IRS objectives.

Speaker

Michael A. Gregory, ASA, CVA | Founder | Michael Gregory Consulting, LLC

Continuing Education

Review of this session recording will award 1.8 CE hour. 

CPE credit is not awarded for this pre-recorded offering.