August 17, 2016 News

CLIENT ALERT: Proposed Treasury Regulations Would Drastically Curtail Valuation Discounts for Transfers of Interests in Family Controlled Entities

August 17, 2016 – The Treasury Department and the Internal Revenue Service issued proposed regulations under Section 2704 of the Internal Revenue Code which, if finalized in their current form, would severely limit the ability to use valuation discounts.  We anticipate new restrictions will not be applicable until sometime in 2017, when regulations may be issued in final form.  Therefore, there is still a window of opportunity to plan using the current valuation rules.   Please click here to read an overview of the proposed regulations.