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Planning Alert - IRS Issues Proposed Regulations Regarding Family Owned Entities

 

On August 2, 2016, the IRS issued proposed regulations which, if ultimately adopted and determined to be valid, generally will overvalue transfers of interests in family owned entities for federal gift tax and estate tax purposes. If you expect to have a taxable estate and are otherwise inclined to make a current transfer of interests in a family owned entity, we recommend doing so before the proposed regulations become effective.  Click here to read the full notice.

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