For years, President Obama has had a proposal to restrict or eliminate valuation discounts for transfers of interests in family-owned businesses included in his budget proposal since his election. However, in its most recent budget, this proposal was missing. Unfortunately, this does not necessarily mean that the topic has been forgotten or ignored. Instead, the …
IRS to Eliminate Discounts in Family Business Valuations? Read More »
You may recall the Wandry decision from earlier this year (Joanne M. Wandry, et al. v Commissioner, TCM 2012-88 – see our write up here. Well, the IRS filed an appeal with the 10th Circuit Court of Appeal on August 28. We will update you as more information becomes available. Trugman Valuation Associates’ business valuation …
On January 5, 2011, HR 177 was introduced in the House of Representatives. Entitled the Death Tax Repeal Act, its aim is to repeal Subtitle B of the Internal Revenue Code of 1986. Whether it will go anywhere remains to be seen. To see a copy of the bill, go to http://www.thomas.gov/cgi-bin/query/z?c112:H.R.177:. produit viagra, pharmacie …