Alerts & Updates
Client Alert - IRS Proposes Dramatic Changes in Valuation Discounts For Family-Owned Businesses and Entities For Gift and Estate PurposesAugust 31, 2016
On August 2, 2016, the IRS proposed major changes to the Regulations under Section 2704 of the Internal Revenue Code affecting how interests in family-held businesses are to be valued when transferred among family members.
Will Congress extend expired law retroactively for 2015? If so, when? What should donors do?
Recently Governor Cuomo submitted a budget bill which includes significant changes to the New York estate tax laws.
On January 2, 2013, the Federal Government enacted the American Taxpayer Relief Act of 2012 (the “2012 Tax Act”) changing, among other things, the estate, gift and generation-skipping transfer (“GST”) tax regime once again.