Are there situations in which the IRS requires a valuation be certified? If so, can BizEquity identify when this would be the case so as to preemptively act on this requirement?

I don't know how the idea emerged that by simply verifying the inputs to the Bizequity system that this would amount to an IRS-qualified appraisal. Unfortunately, this is not the case. We can "certify" that the entries are correct, but this is still not a qualified appraisal.

A qualified appraisal must be performed by a qualified appraiser in accordance with professional standards. Simply double-checking inputs and using our report does not meet professional standards.

When issuing stock to employees or filing estate/gift tax returns, our reports will not pass muster and start the three year window after which the IRS cannot challenge.