Irs Proposed Regulations Valuation Discounts

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Irs Proposed Regulations Valuation Discounts | Promo Codes

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Update: Proposed Valuation Discount Regulations Withdrawn ...

(3 days ago) These proposed regulations sought to restrict valuation discounts long employed by closely-held family businesses to reduce or eliminate gift, estate, and generation skipping transfer taxes. At the time they were issued, a Treasury official stated that the proposed regulations “close a tax loophole that certain taxpayers have long used to understate the fair market value of their assets for estate and gift tax purposes.”

https://www.calt.iastate.edu/blogpost/update-proposed-valuation-discount-regulations-withdrawn

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Irs Proposed Regulations Valuation Discounts - TheCouponTimes

(23 days ago) Proposed IRS regulations on family valuation discounts ... COUPON (2 months ago) The IRS has long attempted to restrict or eliminate these two valuation discounts when transferring interests in a family-controlled entity. The proposed regulations would limit the way a family member’s ownership interests are attributed in a business, due to a lack of control caused by having only a minority interest, and secondarily, for ...

https://thecoupontimes.com/irs-proposed-regulations-valuation-discounts

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VALUATION DISCOUNTS AND THE NEW TAX LAW - AVZ

(4 days ago) When valuing a closely held business, one must consider the discounts including the discount for lack or marketability (DLOM) and discount for lack of control (DLOC). It was proposed that these discounts be eliminated and the proposed regulations under Internal Revenue Code Section 2704 received extensive criticism from various professional organizations.

https://www.avz.com/valuation-discounts-new-tax-law

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The End of Valuation Discounts in Estate Tax Planning

(3 days ago) The Proposed Regulations seek to enact restrictions that disregard valuation discounts the following key ways: Close the exception allowed under Treas. Reg. §25.2704-1 (c) (1), when transfers during life result in the loss of the power to liquidate occurring on the decedent’s deathbed.

https://strausslaw.com/the-end-of-valuation-discounts-is-coming-proposed-regulations-to-section-2704/

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Proposed IRS Regulations Target Valuation Discounts for ...

(5 months ago) Valuation discounts for lack of control and lack of marketability can significantly reduce estate and gift taxes otherwise payable in connection with gifts or bequests of creatively-structured family enterprises. The result is less tax paid on intra-family transfers and greater wealth accumulation for the family. Up to now, the IRS has been largely unsuccessful in challenging such discounts ...

https://www.tydingslaw.com/news-insights/proposed-irs-regulations-target-valuation-discounts-family-owned-businesses

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Tax Court Blesses 35% Valuation Discount On Investment ...

(2 days ago) The IRS’ argument (summarized for simplicity) is that under the game theory argument, a rational investor would not part with his 99.8% interest at a large discount if he could alternatively ...

https://www.forbes.com/sites/peterjreilly/2020/03/22/tax-court-blesses-35-valuation-discount-on-investment-family-limited-partnership/

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The IRS Takes The Offensive On Valuation Discounts: Part ...

(3 days ago) In other words, the IRS’s public ruling and regulations described above, that identified the size of one’s holding in a business as a factor to consider in the valuation of such holding, would continue to apply. In other words, Congress did not seek the elimination of valuation discounts by enacting Section 2704.

https://www.taxlawforchb.com/2016/09/the-irs-takes-the-offensive-on-valuation-discounts-part-two/

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Latest Challenge by IRS to Family Valuation Discounts ...

(6 days ago) Many sophisticated estate planning techniques include gifts, sales or other transfers to family members that incorporate significant discounts on the value of the property transferred. These discounts can range from 15 percent to 40 percent, or higher.

https://www.loeb.com/en/insights/publications/2015/07/latest-challenge-by-irs-to-family-valuation-disc__

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Valuation of Assets | Internal Revenue Service

(4 days ago) Discount for Lack of Marketability - Job Aid for IRS Valuation Professionals PDF - (pdf 389KB) Reasonable Compensation - Job Aid for IRS Valuation Professionals PDF - (pdf 222KB) - This guides IRS professionals on how the Federal courts treat this issue and how the IRS determines reasonable compensation.

https://www.irs.gov/businesses/valuation-of-assets

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Proposed IRS regulations on family valuation discounts ...

(12 days ago) Valuation discounts in jeopardy Earlier this year, the IRS proposed sweeping regulatory changes pertaining to business valuation for transfer tax purposes, such as inheritance taxes or gift taxes.

https://www.cpabr.com/proposed-irs-regulations-on-family-valuation-discounts-could-devastate-small-businesses/

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Proposed regulations would affect estate valuation discounts

(3 days ago) Proposed regulations would affect estate valuation discounts The IRS aims to close a 'loophole' of lapsing rights and restrictions in transfers of family-owned businesses. By Alistair Nevius, J.D.

https://www.journalofaccountancy.com/issues/2016/nov/estate-valuation-discounts.html

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Valuation of family-owned entities for estate and gift tax ...

(2 days ago) Controversial regulations the IRS and Treasury proposed in 2016 would eliminate some valuation discounts currently respected under Sec. 2704. They would impose a "deathbed" rule including in the transferor's gross estate the value of a lapsed right for transfers within three years of the transferor's death.

https://www.thetaxadviser.com/issues/2017/may/valuation-family-owned-entities-estate-gift-tax.html

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IRS Issues Proposed New Regulations to Restrict or ...

(7 days ago) For these families, estate planning techniques often take advantage of valuation discounts to mitigate the estate and gift tax burden associated with transfers during life or at death. If adopted, the proposed regulations would restrict or eliminate available discounts, thus directly increasing the tax associated with certain transfers.

https://www.schiffhardin.com/insights/publications/2016/irs-issues-proposed-new-regulations-to-restrict-or-eliminate-valuation-discounts

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Proposed IRS regulations will limit valuation discounts ...

(2 months ago) The general effect of Section 2704 is to decrease or eliminate valuation discounts and increase the value of a transferred interest unless there is compliance with exceptions under Chapter 14. The proposed regulations attempt to limit taxpayers’ ability to use discounts by narrowing those exceptions and expanding other aspects of Section 2704.

https://www.mcafeetaft.com/proposed-irs-regulations-effect-on-valuation-discounts-for-familyheld-entities/

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Proposed IRS Sec. 2704 Regulations May Close Door on ...

(4 days ago) On Aug. 2, 2016, the US Treasury Department and the IRS issued proposed regulations under Code Section 2704 that are designed to significantly curtail the ability of taxpayers to claim valuation discounts for lack of control and lack of marketability in intra-family transfers of interests in family-controlled entities, such as corporations, partnerships, or LLCs.

https://www.accountingweb.com/tax/irs/proposed-irs-sec-2704-regulations-may-close-door-on-certain-estate-valuation-discounts

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IRS Proposes Regulations That Would Remove Valuation ...

(6 days ago) IRS Proposes Regulations That Would Remove Valuation Discounts in Estate & Gift Tax Transfers September 2016 By Mark Gehrig, Managing Director In early August, the Department of the Treasury and the Internal Revenue Service (“IRS” or “the Service”) released proposed changes to Internal Revenue Code (“IRC”) Section 2704.

https://www.chartwellfa.com/irs-proposes-estate-gift-regulations

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Alert: IRS Proposes New Regulations To Curtail Valuation ...

(4 months ago) Conceptually, if a family can discount the value of a closely-held entity (sometimes by as much as 25% - 35%), more of the family’s assets may be passed down to the next generation without triggering gift or estate tax. On August 2, 2016, the IRS issued proposed regulations under Section 2704 of the tax code to significantly limit such discounts.

http://www.rccblaw.com/alert-valuation-discounts

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IRC 2704 Regulations: The Wait is Finally Over, Or the War ...

(6 days ago) On August 2nd, the IRS published its long awaited proposed IRC 2704 Regulations. These proposed rules would make sweeping changes to valuation discounts perhaps almost completely eliminating lack of control discounts with regard to the transfer of an interest in a family owned entity.

https://greenleaftrust.com/2704-regulations/

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Proposed Regulations Would Affect Estate Valuation Discounts

(4 days ago) The IRS issued long-awaited proposed regulations designed to prevent taxpayers from lowering the estate and gift tax value of transferred assets. The regulations ( REG-163113-02 ) will “close a tax loophole that certain taxpayers have long used to understate the fair market value of their assets for estate and gift purposes,” in the words of Mark Mazur, assistant secretary for tax policy at the Treasury Department.

https://www.thetaxadviser.com/news/2016/aug/estate-valuation-discounts-201614941.html

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IRS Proposes Regulations That Will Eliminate Most ...

(2 months ago) The proposed regulations would restrict the use of these discounts so that the value for transfer tax purposes would be much closer to the $5,000,000 value. ACT NOW TO BENEFIT FROM CURRENT REGULATIONS. A public hearing on the proposed regulations is scheduled for December 1, 2016. The regulations will likely become final in the beginning part ...

https://www.burnslev.com/news/irs-proposes-regulations-that-will-eliminate-most-valuation-discounts-on-family-owned-entities

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Treasury to pull regulations after review of burdensome ...

(5 days ago) The Treasury Department announced Wednesday that it will pull several tax regulations identified as burdensome under President Donald Trump’s Executive Order 13789, including the proposed Sec. 2704 regulations that would limit valuation discounts for estate, gift, and generation-skipping transfer tax purposes (Second Report to the President on Identifying and Reducing Tax Regulatory Burdens (Oct. 4, 2017)).

https://www.journalofaccountancy.com/news/2017/oct/treasury-will-pull-sec-2704-and-other-burdensome-rules-201717601.html

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IRS Proposed Regulations May Affect Estate Valuation Discounts

(2 months ago) The proposed regulations could mean increased estate taxes on the death of family business owners, possibly causing them to liquidate the business or sell to outsiders. Valuation discounts, which include discounts for lack of control and lack of marketability, can be a substantial tax savings.

https://www.pughcpas.com/08/irs-proposed-regulations-may-affect-estate-valuation-discounts/

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What to Know About Proposed IRC 2704 Changes | AccountingWEB

(6 days ago) Recapping the series of events surrounding the topic last fall, the IRS released proposed regulations on Aug. 2, 2016, that would modify and expand Section 2704 impacting the valuation of privately-held, minority interests that are controlled by the same family. Since the Tax Court decision of Kerr v.

https://www.accountingweb.com/tax/irs/what-to-know-about-proposed-irc-2704-changes

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Proposed 2704 Regulations Attack Valuation Discounts ...

(1 months ago) Proposed 2704 Regulations Attack Valuation Discounts. The IRS has expanded the scope of IRC Section 2704 by issuing proposed regulations that seek to limit the availability of valuation discounts for transfers of interests in family-controlled entities.

https://www.manatt.com/insights/newsletters/estate-tax-law/proposed-2704-regulations-attack-valuation-discoun

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Proposed Tax Section 2704 Regulations to be Withdrawn ...

(4 days ago) “The goal of the proposed regulations was to counteract changes in state statutes and developments in case law that have eroded Section 2704’s applicability and facilitated the use of family-controlled entities to generate artificial valuation discounts, such as for lack of control and marketability, and thereby depress the value of ...

https://www.actec.org/resources/capital-letter-no-42/

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Valuation Discount Limit for Estate and Gift Tax

(3 days ago) IRS Proposes Regulations to Limit Valuation Discounts for Estate and Gift Tax Purposes August 26, 2016 On August 2, 2016, the IRS released proposed regulations that would significantly strengthen its goal of reducing valuation discounts for transfers of minority interests among family members in closely held businesses.

https://www.mossadams.com/articles/2016/august/irs-proposes-limiting-valuation-discounts

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IRS Proposes Curbing Estate and Gift Tax Valuation ...

(2 days ago) The IRS recently issued proposed regulations eliminating important valuation discounts commonly used in gift and estate tax planning. If finalized as currently proposed, these changes could increase an individual’s gift and estate tax liabilities by more than 60 percent.

https://www.cbiz.com/insights-resources/details/articleid/4366/irs-proposes-curbing-estate-and-gift-tax-valuation-discounts-article

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New Proposed IRS Regulations Will Eliminate Most Valuation ...

(1 months ago) On August 4, 2016, the IRS issued proposed regulations that would eliminate most valuation discounts for family-owned entities. The proposed regulations will be effective 30 days after they become final, which could be as soon as December 31, 2016.

https://www.metzlewis.com/new-proposed-irs-regulations-will-eliminate-valuation-discounts/

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Proposed Changes to Family Valuation Discounts (article)

(6 days ago) The IRS has been frustrated that Congress has not acted to change the law restricting valuation discounts, and it is possible that these regulations could be made effective as of the date the proposed regulations are released.

https://www.cbiz.com/insights-resources/details/articleid/2884/proposed-changes-to-family-valuation-discounts-article

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Proposed 2704 Regulations: Significant Impact on Valuation ...

(1 days ago) Background: On August 4, 2016, the Treasury Department and Internal Revenue Service issued proposed regulations addressing the valuation of certain business interests for federal estate, gift and generation-skipping tax purposes. (Reg. 163113-02, 81 Fed. Reg. 51413-02 (August 4, 2016)). These long-anticipated regulations target what are perceived abuses in discounts applied in connection with ...

https://www.tuckerlaw.com/2016/09/13/proposed-2704-regulations-significant-impact-valuation-discounts-family-businesses/

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New IRS Proposed Regulations Slam the Breaks Down on ...

(5 days ago) On August 2, 2016, the Internal Revenue Service (“IRS”) issued the long-awaited proposed regulations under Internal Revenue Code (the “Code”) Section 2704. If enacted, the new proposals are designed to curtail perceived abuses in the Code that would strike a fatal blow to the transfer tax planning efforts of many high net worth individuals. The […]

https://www.withum.com/resources/new-irs-proposed-regulations-slam-breaks-valuation-discounts/

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2 Tax Strategies to Consider Ahead of the 2020 Election ...

(4 days ago) The valuation discount can affect any small business that the owner expects to pass to heirs. The current exemption levels for the estate and gift taxes are so high that the tax applies to very ...

https://www.nytimes.com/2020/02/14/your-money/tax-strategies-2020.html

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IRS Issues Proposed Regulations Limiting Valuation Discounts

(18 days ago) The IRS released proposed guidance on August 2, 2016, intended to largely eliminate a common wealth transfer technique used to lower the taxable value of transferred interests in family-owned entities for estate, gift and generation-skipping transfer tax purposes. The proposed regulations are not effective until published as final, creating a planning opportunity for those contemplating ...

https://www.bkd.com/article/2016/08/irs-issues-proposed-regulations-limiting-valuation-discounts

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Client Alert: IRS Proposed Regulations Would Significantly ...

(4 months ago) On August 2, 2016, the Internal Revenue Service (“IRS”) issued proposed regulations which, if enacted in their present form, will significantly limit the use of valuation discounts for interests in Family Limited Liability Companies (“FLLCs”) and other family business entities for purposes of estate, gift and generation-skipping transfer tax purposes.

https://www.riw.com/2016/09/client-alert-irs-proposed-regulations-would-significantly-impact-valuation-discounts/

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IRS ISSUES PROPOSED REGULATIONS ON ESTATE AND GIFT ...

(4 months ago) Long-awaited proposed regulations have been issued by the IRS regarding valuation discounts for intra-family and closely held business transfers. Essentially the regulations propose to address perceived abuses that taxpayers have long used to understate the fair market value of their assets for estate and gift tax purposes. Traditionally, taxpayers have sought to minimize the estate and gift ...

https://www.fb-cpa.com/blog/irs-issues-proposed-regulations-estate-and-gift-valuation-discounts

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IRS Withdraws Valuation Discount Regulations - Beene Garter

(3 months ago) The IRS issued proposed valuation discount regulations under Section 2704 in late 2016. It officially withdrew these regulations on Oct. 20, 2017. The proposed regulations could’ve dramatically affected valuation discounts for intrafamily transfers in a variety of entities.

https://beenegarter.com/irs-withdraws-valuation-discount-regulations/

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Is the IRS About to Issue Regulations That Will Challenge ...

(3 days ago) Now, IRS appears to be close to issuing new I.R.C. §2704 regulations that could seriously impact the ability to generate valuation discounts for the transfer of family-owned entities. Discounting Before the “Freeze” Rules

https://www.calt.iastate.edu/taxplace/irs-about-issue-regulations-will-challenge-valuation-discounts-family-entities

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New IRS Proposed Regulations Eliminate Valuation Discounts ...

(3 months ago) If adopted in the proposed form, the new regulations will significantly change the estate planning landscape. Because the proposed regulations will not become effective until final regulations are published, there may be a limited window of opportunity to utilize valuation discounts in wealth transfer planning before the law is changed.

https://www.theventurealley.com/2016/09/new-irs-proposed-regulations/

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IRS Proposes Regulations That Would Eliminate Most ...

(1 months ago) The proposed regulations would limit the use of valuation discounts for transfer tax purposes for intra-family transfers of interests in family-controlled limited partnerships and other “closely ...

https://www.jdsupra.com/legalnews/irs-proposes-regulations-that-would-64669/

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Tax Alert: New Proposed IRS Regulations on Valuation ...

(4 months ago) Summary of Provisions in the Proposed Regulations for Section 2704 On August 2, 2016, the Treasury Department and IRS released proposed regulations dealing with valuation discounts for estate and gift tax purposes. These regulations have been anticipated for several months and now finally are here. Valuation discounts have long been used as a tax-saving strategy […]

https://www.elliottdavis.com/tax-alert-new-proposed-irs-regulations-valuation-discounts-family-owned-entities-estate-tax-purposes/

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ERP | Valuation Discounts under IRC Section 2704 - The CPA ...

(10 days ago) There has been a deluge of articles analyzing the proposed Treasury Regulations under Internal Revenue Code (IRC) section 2704, which, if finalized in anything like their proposed form, will greatly reduce or eliminate valuation discounts. Valuation discounts, which have been the key to many estate plans, can reduce values sufficiently to ...

https://www.cpajournal.com/2016/10/01/erp-valuation-discounts-under-irc-section-2704/

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HOW THE SECTION 2704 PROPOSED REGULATIONS BECAME ... - ACTEC

(6 days ago) “is concerned by a report that Treasury and the Internal Revenue Service will propose in the near future new regulations under Internal Revenue Code Section 2704(b) similar to those titled ‘Rules to Modify Valuation Discounts,’ which the Administration last proposed in 2013 (the ‘Greenbook Proposal’).

https://www.actec.org/resources/capital-letter-no-41/

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Reevaluating Valuation: IRS and Treasury Propose Rules ...

(9 days ago) Reevaluating Valuation: IRS and Treasury Propose Rules Restricting Valuation Discounts . On August 2, 2016, the IRS and U.S. Department of Treasury issued highly anticipated proposed regulations concerning the valuation of interests in certain family-controlled businesses for estate, gift and generation skipping transfer tax purposes. The proposed rules would curb the use of most discounts ...

https://www.michigantaxblog.com/irs-propose-rules-valuation-discounts

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IRS Withdraws Estate, Gift Tax Valuation Regulations ...

(9 days ago) The Internal Revenue Service withdrew on Tuesday proposed regulations ... Mnuchin argued that the plan “would have hurt family-owned and operated businesses by limiting valuation discounts ...

https://www.thinkadvisor.com/2017/10/18/irs-withdraws-estate-gift-tax-valuation-regulation/

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IRS Classifies Section 2704 Proposed Regulations as ...

(19 days ago) In response to the President’s Executive Order of April 21, 2017, the Internal Revenue Service has issued Notice 2017-38, 2017, designating the Proposed Regulations under Section 2704 of the Internal Revenue Code as imposing an undue financial burden or adding undue complexity (or both). The proposed regulations, issued on August 4, 2016, could dramatically expand the scope of Section 2704 ...

https://blog.interactivelegal.com/2017/07/irs-classifies-section-2704-proposed-regulations-as-burdensome.html

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Proposed Special Valuation Regulations Withdrawn

(10 days ago) The IRS and Treasury have officially withdrawn the August 2016 proposed special valuation regulations. These rules concern the estate, gift and generation-skipping (GST) treatment of certain lapses of liquidation rights and the valuation of interests in certain family-owned entities.

http://news.cchgroup.com/2017/10/18/special-valuation-regulations-withdrawn/news/tax-headlines/

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Estate Planning Alert: New IRS Proposed Regulations Target ...

(9 days ago) For many years the IRS has had in its crosshairs the valuation discount techniques used to reduce the gift tax value of transfers of interests in closely held businesses to family members. New regulations on this issue have been a high priority for the IRS and on August 2, 2016, the IRS released proposed regulations […]

https://gensernewname.flywheelsites.com/estate-planning-alert-new-irs-proposed-regulations-target-gift-valuation-discounts/

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IRS to Review Estate Valuation Regulations in Effort to ...

(1 months ago) The proposed regulations under review would eliminate “valuation discounts,” a policy which currently permits certain discounts for minority interests. These discounts are commonly applied to lower the value of transferred interests for gift, estate, and generation-skipping tax purposes.

https://advocacy.sba.gov/2017/07/27/irs-announces-that-it-will-review-whether-to-rescind-or-modify-estate-valuation-proposed-regulations-as-part-of-the-agencys-effort-to-identify-and-alleviate-burdensome-tax-regulations/

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