Irs Proposed Regulations Valuation Discounts

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Proposed regulations would affect estate valuation …

(6 days ago) Nov 01, 2016 · Proposed regulations would affect estate valuation discounts. The IRS aims to close a 'loophole' of lapsing rights and restrictions in transfers …

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

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

(4 days ago) Mar 22, 2020 · The IRS’ argument (summarized for simplicity) is that under the game theory argument, a rational investor would not part with his 99.8% …

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

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IRS Proposed Regulations Attack Valuation Discounts for ...

(4 days ago) The U.S. Department of the Treasury and the IRS have just issued anticipated proposed regulations that, if made final, would severely limit the ability of taxpayers to transfer interests in family limited partnerships and similar entities using valuation discounts.

https://www.cozen.com/news-resources/publications/2016/irs-proposed-regulations-attack-valuation-discounts-for-family-transfers

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Valuation of Assets | Internal Revenue Service

(2 days ago) Dec 30, 2020 · 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 Target Valuation Discounts …

(1 days ago) Sep 21, 2016 · 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 …

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

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Update: Proposed Valuation Discount Regulations Withdrawn ...

(7 days ago) Oct 04, 2017 · Treasury and the IRS plan to publish a withdrawal of the proposed regulations shortly in the Federal Register." In support of this decision, the report states: Treasury and the IRS now believe that the proposed regulations’ approach to the problem of artificial valuation discounts is unworkable.

https://www.calt.iastate.edu/blogpost/update-proposed-valuation-discount-regulations-withdrawn

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IRS Proposes Eliminating Valuation Discounts - JDJ …

(1 days ago) Aug 11, 2016 · IRS Proposes Eliminating Valuation Discounts. Earlier this month, the IRS released proposed regulations that would eliminate discounts used …

https://www.jdjfos.com/news/irs-proposes-eliminating-valuation-discounts/

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

(6 days 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.

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

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Valuation of family-owned entities for estate and …

(2 days ago) May 01, 2017 · 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 …

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

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New Proposed IRS Regulations Will Eliminate Most Valuation ...

(1 days ago) Sep 12, 2016 · By Matthew D. Rak. Posted September 12, 2016. In Tax and Estate Planning. 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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The End of Valuation Discounts in Estate Tax Planning

(6 days ago) Sep 20, 2016 · The End of Valuation Discounts is Coming: Proposed Regulations to Section 2704. The days of reducing gift and estate tax through valuation discounts for closely-held family businesses appear to be coming to an end. After months of anticipation, the U.S. Treasury has released proposed regulations that will significantly restrict the ability of ...

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

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Irs Proposed Regulations Valuation Discounts Verified ...

(5 days ago) IRS Issues Proposed Regulations Limiting Valuation Discounts. COUPON (4 days ago) Aug 01, 2016 · 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.

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

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IRS Issues Proposed Regulations Limiting Valuation …

(6 days ago) Aug 01, 2016 · 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 …

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

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Proposed IRS Regulations to Curtail Valuation Discounts …

(2 days ago) Oct 11, 2016 · By: Thomas Bezigian, Jr. On August 4, 2016, Proposed Regulations were issued by the IRS which, if finalized, will reduce and potentially eliminate common valuation discounts that have been utilized by families in …

https://www.scolaro.com/proposed-irs-regulations-to-curtail-valuation-discounts-to-family-controlled-entities/

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IRS Regulations to Limit Gift and Estate Tax Valuation ...

(4 days ago) In August 2016, the Internal Revenue Service (IRS) followed through with its threats to impose new regulations affecting the valuation of closely-held …

https://www.sponselcpagroup.com/blog/irs-regulations-to-limit-gift-and-estate-tax-valuation-discounts/

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Proposed IRS regulations will limit valuation discounts ...

(2 days ago) Aug 16, 2016 · 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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New IRS Proposed Regulations Eliminate Valuation …

(7 days ago) Sep 09, 2016 · 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, …

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

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IRS Issues Proposed Regulations to Valuation Discounts

(6 days ago) Issue: The Department of Treasury issued Proposed Regulations on August 2, 2016 in an attempt to significantly reduce or eliminate minority or lack of control discounts and quite possibly suppress marketability discounts for Family Controlled Entities, regardless of whether the Entity is an active business or not.

https://www.lutz.us/regulations-valuation-discounts/

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IRS Proposes Regulations That Would Eliminate Most ...

(6 days ago) Aug 10, 2016 · 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.natlawreview.com/article/irs-proposes-regulations-would-eliminate-most-valuation-discounts-transfers

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New IRS proposed regulations profoundly affect valuation ...

(5 days ago) Sep 20, 2016 · On Aug. 4, 2016, the Internal Revenue Service (IRS) issued proposed regulations that substantially limit estate planning options for taxpayers with family-owned business entities. For some time, business valuation discounts have been used to ease federal estate and gift tax consequences resulting from intra-family transfer of business interests.

https://www.porterwright.com/media/new-irs-proposed-regulations-profoundly-affect-valuation-discounts-for-family-business-entities/

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Proposed Treasury Regulations on Valuation Discounts for ...

(1 days ago) Nov 10, 2016 · IRS Proposals Threaten Valuation Discounts for Family-Controlled Entities. The Treasury Department recently published new proposed regulations ("2704(b) regulations") which, if adopted in their current form, would substantially curtail a taxpayer's ability to claim a "valuation discount" for gifts and bequests of interests in family-controlled entities to family …

https://www.whitecase.com/publications/alert/proposed-treasury-regulations-valuation-discounts-family-controlled-entities

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New Law To Change Valuation Discounts For Gift & Estate ...

(7 days ago) Jan 06, 2017 · In August of 2016, the IRS issued proposed regulations concerning Internal Revenue Code §2704. This internal revenue code section addresses the treatment of gifting matters. These regulations provide major restrictions on the ability to utilize valuation discounts for gift and estate tax purposes for family partnerships, limited liability ...

https://www.kwgd.com/valuation-discounts

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IRS Seeks to Limit Valuation Discounts for Family ...

(4 days ago) Aug 01, 2016 · The eventual final regulations may differ from the proposed regulations as a result of the commentary the IRS receives and other factors. While it may be some time before the final regulations go into effect, given the long history of the IRS challenging valuation discounts, planning with family-controlled entities now becomes more problematic.

https://www.loeb.com/en/insights/publications/2016/08/irs-seeks-to-limit-valuation-discounts-for-famil__

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IRS Issues Proposed Regulations Limiting Valuation ...

(6 days ago) Under the proposed regulations, the IRS would significantly curtail the use of valuation discounts when the “family” remains in control. A family includes ancestors, descendants, brothers, sisters and spouses. If the family retains at …

http://www.downeycocpa.com/irs-issues-proposed-regulations-limiting-valuation-discounts/

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IRS Issues Proposed New Regulations to Restrict or ...

(7 days ago) Aug 16, 2016 · Proposed regulations released August 2, 2016 would permanently and profoundly change estate planning for families that own a controlling interest in a privately held corporation, partnership, or limited liability company. For these families, estate planning techniques often take advantage of valuation discounts to mitigate the estate and gift ...

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

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Valuation Discount Limit for Estate and Gift Tax

(6 days ago) Aug 26, 2016 · 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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Client Alert: IRS Proposed Regulations Would Significantly ...

(5 days ago) Sep 27, 2016 · Proposed Regulations and Valuation Discounts. 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 …

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

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Proposed Regulations Would Affect Estate Valuation Discounts

(4 days ago) Aug 03, 2016 · Proposed Regulations Would Affect Estate Valuation Discounts. 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 ...

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

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IRS Issues Proposed New Regulations to Restrict or ...

(6 days ago) Aug 16, 2016 · The Internal Revenue Service has requested comments on the proposed regulations by November 2, and will hold a hearing on December 1. ... Valuation discounts are downward adjustments to valuation ...

https://www.natlawreview.com/article/irs-issues-proposed-new-regulations-to-restrict-or-eliminate-valuation-discounts

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

(6 days ago) Published: Nov 04, 2016

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

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New Treasury Regulations Target Valuation Discounts ...

(1 days ago) Jan 06, 2017 · However, the IRS has recently issued proposed regulations to close this loophole and are designed to greatly limit the valuation discounts of family businesses where the family maintains control. One of the main targets of the new regulations is the perceived abuse of manufacturing valuation discounts with deathbed transfers.

https://www.hinklaw.com/blog/alerts/new-treasury-regulations-target-valuation-discounts/

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Proposed Treasury and IRS Regulations Could Eliminate ...

(4 days ago) The valuation experts at Brinker Simpson & Co. will be closely monitoring the situation. In addition, we will be attending a valuation industry webinar on September 29, 2016 entitled “The IRS’ Proposed Section 2704 Regulations: …

https://www.brinkersimpson.com/blog/proposed-treasury-and-irs-regulations-could-eliminate-valuation-discounts-for-many-businesses

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Latest Challenge by IRS to Family Valuation Discounts ...

(5 days ago) Because courts were unwilling to accept the position of the IRS that these discounts should be ignored when the transfer was between family members, the IRS in 2009 sought legislative assistance to revise Section 2704. To date, no legislative change has been forthcoming. New Proposed Regulations Under 2704.

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

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

(7 days ago) IRC 2704 Regulations: The Wait is Finally Over, Or the War Has Just Begun. 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 ...

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

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Treasury to pull regulations after review of burdensome ...

(5 days ago) Oct 04, 2017 · 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 …

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

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IRS Issues Proposed Regulations Restricting The Use Of ...

(3 days ago) Aug 22, 2016 · One of the biggest proposed changes is the addition of a three-year look back provision. For example, if restrictions on a member’s ability to control or liquate the FLP were granted within three years of the business owner’s death, any potential estate tax discount will be ignore by the IRS.

https://www.elefflaw.com/blog/2016/08/irs-issues-proposed-regulations-restricting-the-use-of-valuation-discounts/

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Oh No! Valuation Discounts Under Siege? | Tax Law for the ...

(5 days ago) Jul 13, 2015 · In case you haven’t noticed, there has been a lot of press lately about the “imminent” issuance of proposed regulations by the IRS that, if adopted, may seriously impair the ability of a taxpayer who is transferring an interest in a closely-held business (whether by gift or by sale) to claim valuation discounts in determining the fair ...

https://www.taxlawforchb.com/2015/07/oh-no-valuation-discounts-under-siege/

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Proposed IRS Regulations Could End Most Valuation ...

(5 days ago) Sep 27, 2016 · This saves gift and estate tax of $1,200,000 (40% tax on the $3,000,000 entity value never taxed because of the discounts). However, under the proposed regulations, both the gifts and the 40% remaining in X’s estate would be valued at the net fair market value of the assets of the LLC multiplied by the percentage gifted or the percentage ...

https://blogmsk.com/2016/09/27/proposed-irs-regulations-could-end-most-valuation-discounts-for-family-entities/

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Treasury To Close Estate Tax Valuation Discounts …

(1 days ago) Aug 03, 2016 · The proposed regulations would mean increased estate taxes on the death of owners of family businesses, possibly causing them to liquidate the business or sell big pieces to outsiders. McCaffrey ...

https://www.forbes.com/sites/ashleaebeling/2016/08/03/treasury-to-close-estate-tax-loophole-family-businesses-cry-foul/

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CLIENT ALERT: IRS Issues Proposed Regulations Restricting ...

(4 days ago) Sep 01, 2016 · The IRS recently issued proposed regulations which seek to reduce or eliminate the use of discounts in the valuation of assets for estate and gift tax purposes. If adopted, the regulations would have a significant impact on lifetime and death transfers. Valuation discounts are often used in connection with the valuation of interests in closely ...

https://www.olshanlaw.com/resources-alerts-IRSRegulations-Valuation-Discounts-FamilyOwnedEntities.html

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IRS Proposes Regulations That Will Eliminate Most ...

(3 days ago) Aug 24, 2016 · On August 2, 2016, the IRS issued proposed regulations that would eliminate or limit the use of certain valuation discounts regularly applied when valuing interests in family-owned...

https://www.jdsupra.com/legalnews/irs-proposes-regulations-that-will-82533/

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IRS Finally Issues Long-Anticipated Proposed Regulations ...

(2 days ago) On August 2, 2016, the IRS issued long-anticipated proposed regulations under Section 2704 of the Internal Revenue Code restricting the use of valuation discounts associated with family- controlled entities. The use of family-controlled entities, such as limited liability companies and limited partnerships, has been a traditional way for high-net worth families to transfer wealth …

https://www.dugganbertsch.com/content/irs-finally-issues-long-anticipated-proposed-regulations-restricting-use-valuation-discounts

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Proposed 2704 Regulations: Significant Impact on Valuation ...

(4 days ago) Sep 13, 2016 · 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 …

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

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