ALERT: Treasury Regs. Jeopardize Valuation Discounts for Sale of Family Businesses

On August 4, 2016, the Department of Treasury and the IRS published long-anticipated proposed regulations that, if finalized, will eliminate or significantly curtail most minority interest and lack of control discounts, making intra-family transfers of family-controlled entities more expensive for estate, gift and generation-skipping transfer tax purposes. Read more: Treasury Regulations Jepardize Valuation Discounts for Transfers of Family-Owned Entities