Proposed Regulations Would Significantly Impact Valuation Discounts for Estate Planning and Wealth Transfers

Share Button

The IRS recently issued proposed regulations, which if finalized would negate the availability of certain discounts when valuing interests in closely-held family business and investment entities for estate planning and wealth transfer purposes.

Despite a government official claiming to expect imminent release last year, some had questioned whether the regulations would ever be issued as they were on the IRS drawing board for over a decade.

Over the years, some estate planners have been using hefty discounts in valuing family businesses, despite frequent challenges from the IRS in court.

Although a careful review of the more than 50 pages of proposed regulations will …read more

Read more here:: Tax


has written 197 post in this blog.

Share Button