Tuesday, August 2, 2016

Treasury Issues Proposed Regs To Limit Valuation Discounts For Fractional Interests

Wall Street Journal, U.S. Aims to Clamp Down on Tactic to Avoid Estate Tax: The U.S. government on Tuesday proposed making it harder for wealthy business owners to transfer assets to heirs without paying estate and gift taxes. The Treasury Department and Internal Revenue Service plan would place new limits…

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