Monthly archive for November 2016

Proposed IRS Regulations

could drastically change estate planning:
On August 2, 2016, the Internal Revenue Service released the anticipated proposed regulations (REG-163113-02) that would, if enacted, result in a massive disruption in gift, estate and generation-skipping tax planning. In short, the proposed regulations would prevent taxpayers from applying most minority interest discounts and lack of marketability discounts (valuation discounts) to the intra-family gifts of family-controlled private entities.

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