Why do I need an IRA valuation of the assets in my account?

The Internal Revenue Service (“IRS”) requires that a fair market value be determined for all IRA assets, including those assets that are not publicly traded. The fair market value of all IRA assets must be reported to the IRS annually. These values are reported to the IRS on Form 5498. The IRS requires an IRA valuation in order to track and prevent tax avoidance through asset undervaluation.