NEW YORK · GIFT TAX VALUATION
New York Gift Tax Appraisers
New York gift tax appraisal services covering federal Form 709 filings, closely held business interests, and valuation discounts for minority and fractional stakes, prepared in accordance with USPAP. Equity Business Valuation Services appraises privately held companies, family limited partnership interests, and minority stock for gift tax reporting across New York, from New York City and Long Island to Buffalo and the Capital Region.
- USPAP-compliant IRS Form 709 valuations
- Closely held, FLP, and minority interest expertise
- Business owners statewide across New York
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Why New York Is Different
New York Levies No Gift Tax but Taxes Gifts Made Within Three Years of Death
New York does not impose a separate state gift tax, so a lifetime gift of business interests does not trigger a New York gift tax return. Gifts above the federal annual exclusion are still reported to the IRS on Form 709, and when the gift is an interest in a privately held company, that filing has to rest on a qualified appraisal.
Timing still matters in New York. The state levies an estate tax, and gifts made within three years of death can be pulled back into the New York taxable estate, so a documented value at the date of each gift supports both your federal Form 709 today and your estate plan over time. We recommend confirming how these rules apply to your situation with your tax advisor.
Our appraisers prepare USPAP-compliant gift tax business valuations built for this exact purpose, and each report explains the analysis behind the number so your filing position holds up if it is ever reviewed. Before the engagement begins, we walk you through the documentation you will need for Form 709 and why an appraisal is generally required for a gift tax return involving business interests.
VALUATION SCOPE
New York Business Interests We Value for Federal Gift Tax Filings
Our appraisers prepare USPAP-compliant gift tax valuations of privately held companies and ownership interests held by New York families and business owners. Each report is built for its intended use on IRS Form 709 and structured to withstand audit scrutiny.
Closely Held & Family Businesses
Fair market value of privately held New York companies transferred to children, trusts, or other family members.
Family Limited Partnerships & LLCs
FLP and LLC interests valued with analysis of applicable discounts for lack of control and lack of marketability.
Minority & Fractional Interests
Non-controlling stakes and fractional ownership positions valued for lifetime gift transfers.
S-Corporation & Partnership Stock
S corporation shares and partnership units gifted as part of a succession or estate plan.
Professional Practices & Service Firms
Medical, dental, legal, and other professional practices valued for owner gifting strategies.
Holding & Investment Entities
Family holding companies and investment partnerships valued for intergenerational transfers.
HOW IT WORKS
How We Prepare Your New York Gift Tax Valuation
- 01
Share Your Details
Tell us about the business, the interest being gifted, and your Form 709 filing timeline.
- 02
We Analyze the Business
Our appraisers review financials, apply recognized valuation methods, and assess applicable discounts.
- 03
We Prepare Your Report
You receive a USPAP-compliant valuation documenting the fair market value and supporting evidence.
- 04
File With Confidence
Your defensible report is ready to attach to IRS Form 709 and support your gift tax position.
SERVICE AREA
Gift tax business valuations anywhere in New York, including New York City, Long Island, the Hudson Valley, and Western New York
New York City
Buffalo
Rochester
Yonkers
Syracuse
Albany
New Rochelle
White Plains
Long Island
The Hudson Valley
FAQ
New York Gift Tax Appraisal Questions
Does New York have a state gift tax?
No. New York does not impose a standalone gift tax, so a lifetime gift of business interests does not create a New York gift tax return. Gifts above the federal annual exclusion are still reported to the IRS on Form 709, and gifts of privately held business interests on that return should be supported by a qualified appraisal.
How do lifetime gifts affect New York estate tax?
New York levies an estate tax, and gifts made within three years of death can be added back into the New York taxable estate. A documented fair market value at the date of each gift supports both your federal Form 709 and the coordination of your estate plan over time. We recommend confirming how these rules apply to your circumstances with your tax advisor.
What New York business interests require a gift tax appraisal?
Any gift of a hard-to-value interest generally calls for an appraisal: shares in a closely held corporation, membership units in an LLC, family limited partnership interests, and fractional or minority stakes. Publicly traded securities have a readily determinable value and usually do not, but privately held interests do.
Can you appraise a New York business remotely?
Yes. Business valuations are performed remotely from the financial records and supporting documents you provide, so no site visit is required. We work with clients throughout New York, from New York City and Long Island to Buffalo, Rochester, and the Capital Region, and prepare every report in accordance with USPAP.
Can you meet a federal gift tax filing deadline?
Most business valuations are completed three to five weeks after engagement, with expedited delivery as fast as 11 business days available for filing deadlines. Tell us your Form 709 due date and we will confirm up front whether we can meet it.
GET STARTED
Request a New York Gift Tax Valuation
Tell us about your business and Form 709 timeline, and our team will follow up with a fixed-fee quote.