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Sep. 21, 2016
Proposed IRS regs will eliminate important valuation discounts
On Aug. 2, the Internal Revenue Service issued proposed regulations that will eliminate two important valuation discounts for estate and gift tax purposes for transfers of interests in family controlled entities. By Bruce Givner and Owen Kaye
On Aug. 2, the Internal Revenue Service issued proposed regulations that will eliminate two important valuation discounts for estate and gift tax purposes for transfers of interests in family controlled entities. These rules will apply if the entity passively holds liquid assets or if it income producing real property. Most surprising, these rules apply even if the entity is an active business, e.g., an auto dealer...
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