At The Podium
Discounting Transfer Tax Values of Interests in Family-Owned Entities
Several months prior to the 2016 presidential election, the Internal Revenue Service released proposed regulations that, once finalized, would affect individuals holding and transferring interests in family-controlled entities by limiting their ability to use transfer tax valuation discounts. Now, with Donald Trump poised to take office in early 2017, the general consensus among industry experts is that those new regulations are dead on arrival.
In his presentation at McAfee & Taft’s 2016 Corporate Counsel Seminar in Oklahoma City, OK, tax attorney Richard Craig takes a look forward by making a summary comparison of the tax reform proposals put forth to date by House Republicans and the Trump campaign, particularly as it pertains to the transfer tax. His presentation also includes a review of the planning implications brought about by the change in administration and possible transfer tax repeal and a discussion of why good tax planning is especially important now.