Proposed IRS Regulations May Eliminate Discounting of Family Wealth Transfers

The Treasury Department has issued new proposed regulations that, if adopted as proposed, will effectively eliminate a common estate planning tool used to transfer wealth among family members. Under the current rules, transfers of minority interests of closely held business interests can be valued utilizing various discounts which results in greater tax savings.  The new proposed regulations would no longer allow discounting when making family transfers. Continue reading “Proposed IRS Regulations May Eliminate Discounting of Family Wealth Transfers”

© 2016. This publication is intended for general informational purposes only and does not, nor is it intended to, provide the reader with legal advice of any kind. This publication does not, nor is it intended to, create any attorney-client relationship. Readers should consult with their own attorney to discuss the legal implications of any content in this publication to their particular situation.