Tax changes carried over from 2016

BVWireIssue #172-1
January 11, 2017

Proposed changes to curtail estate valuations made the list of top 10 important tax changes from 2016 that will carry over into this year. The proposed regulations under Section 2704 concern the valuation of interests in corporations and partnerships for estate, gift, and generation-skipping transfer tax purposes. Other changes carried over from 2016 include likely tax cuts under the Trump administration, debt/equity reclassification, BEPS (transfer pricing), and closer scrutiny of the sharing economy. You can see the full list in a slideshow from Accounting Today.

Trump tax platform: If you’re in the New York City area on Tuesday, January 17, plan to attend a dinner presentation on the Trump tax platform and an update on the proposed 2704 regs by Charles F. Schultz, a partner at Walker Morton LLP in Chicago. He will also discuss current and future responsibilities of valuation professionals. The event (from 6 p.m. to 8 p.m.) is sponsored by the American Society of Appraisers New York City Chapter and includes dinner and two hours of open bar. You can register if you click here.

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