IRS proposes new rules for reporting gifts; Statute of limitations welcome, but some proposed requirements difficult

Business Valuation Update
October 26, 2000
internal revenue service (IRS), internal revenue code (IRC), burden of proof


Certainly taxpayers welcome the provision of the Taxpayer Relief Act of 1997 that starts a three-year statute of limitations on revaluation when a proper gift tax return is filed, whether any gift tax ...