IRS Valuation Policies
Check-in begins at 11:45 am. Lunch and Presentation from 12:00-1:15 pm.
Meeting is Jointly Sponsored with ASA.
About the talk: This presentation will focus on valuations, including new developments at the IRS. The impact of appraiser penalties from various viewpoints, including both the IRS and the appraiser practitioner, will be explored.
Robert James Cimasi, MHA, ASA, CBA, AVA, CM&AA is President of Health Capital Consultants (HCC), a nationally recognized healthcare financial and economic consulting firm. With over 25 years of experience in serving clients, in 49 states, his professional focus is on the financial and economic aspects of healthcare service sector entities including: valuation consulting; litigation support & expert testimony; business intermediary and capital formation services; certificate-of-need and other regulatory and policy planning consulting; and, healthcare industry transactions including joint ventures, sales, mergers, acquisitions, and divestitures.
Mr. Cimasi holds a Masters in Health Administration from the University of Maryland, the Accredited Senior Appraiser (ASA) designation in Business Valuation, as well as, the Certified Business Appraiser (CBA), Accredited Valuation Analyst (AVA), and the Certified Merger & Acquisition Advisor (CM&AA). He is a nationally known speaker on healthcare industry topics, who has served as conference faculty or presenter for such organizations as the American Society of Appraisers (ASA), the Institute of Business Appraisers (IBA), the American Institute of Certified Public Accountants (AICPA), the National Association of Certified Valuation Analysts (NACVA), the American College of Healthcare Executives (ACHE), the National Society of Certified Healthcare Business Consultants(NSCHBC), Academy Health, Healthcare Financial Management Association (HFMA), the American Association of Ambulatory Surgery Centers (AAASC), Physician Hospitals of America (PHA) f/k/a American Surgical Hospital Association (ASHA), National Litigation Support Services Association (NLSSA), as well as many other national and state healthcare industry associations and professional societies, trade groups, companies and organizations. He has been certified and has served as an expert witness on cases in numerous states, and has provided testimony before federal and state legislative committees. In 2006, Mr. Cimasi was honored with the prestigious Shannon Pratt Award in Business Valuation conferred by the Institute of Business Appraisers.
Michael Gregory, As an engineer and valuation specialist with the Internal Revenue Service, Mike Gregory has prepared, reviewed and testified on various topics as well as written technical articles on valuation and expert witness topics. He has managed technical teams addressing litigation vehicles on valuation issues. He is currently the Territory Manager with a responsibility for valuation specialists covering fourteen states. He is particularly knowledgeable on his topic of IRS valuation policies. This topic is germane to anyone interested in the changing field of valuation. The Internal Revenue Service is reaching out to the major appraisal organizations and partnering in new ways in an attempt to further improve customer service and gain a better understanding of issues within the field.
Mike Gregory is an Accredited Senior Appraiser with the American Society of Appraisers and a member of the Business Valuation Committee, an Accredited Valuation Analyst with the National Association of Certified Valuation Analysts, a Certified General Real Property Appraiser in Minnesota, a Registered Professional Engineer in Wisconsin, and a Certified Mediator with the Minnesota Supreme Court. He is currently a Territory Manager in the Large Business and International Division of the Internal Revenue Service managing a territory with approximately 100 employees. Specialists in this territory include various engineers, valuation specialists and appraisers. Mike has served with the Internal Revenue Service for 27 years as a Territory Manager, the District Controller, a Team Leader of the research unit, the Engineering Manger, a Large Case Manager and as an Engineer. Mike has a MBA in finance from DePaul University, a Master of Science in Civil and Environmental Engineering from the University of Wisconsin – Madison, and a Bachelor of Science Degree in Civil Engineering from Valparaiso University. Mike is married with two children and enjoys volunteering in various activities and engaging in various forms of exercise.