ESTATE MANAGEMENT Name Institution Affiliation Course Date of Submission Estate management In response to the IRS assertions on undervaluation of property, IRS should consider that property valuation is procedural. There are various general guidelines that are followed when it comes to property evaluation to avoid biasness of the final accounting figure. . The internal Revenue service before laying the claim should consider that the property was taken through the following valuation process and guidelines which are all clear to IRS as it was one of the bodies involved in the valuation. They include, first is the selecting the date of calculation for the valuation exercise. In this case, the date of the decendent is used or any alternate date in the course of the next six months after death. All assets are valued as at the date of...