Comments are due August 7 on IRS Notice 2017-28, which targets for reform the controversial proposed Section 2704 regs designed to curb estate valuation discounts for minority interests. In last week’s coverage, we reported that these regs are among eight proposals identified by the Treasury as candidates for modification or withdrawal. The business valuation community banded together with attorneys and estate planners to derail these regs, and their appearance in the new notice is good news. But, in the immortal words of Yogi Berra, “it ain’t over till it’s over,” so submit your comments to Notice 2017-28 by August 7 (how-to instructions are in the notice).
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