Valuation discounts still under IRS attack

BVWireIssue #90-1
March 3, 2010

Appraiser penalties aren’t the only item on the IRS’s agenda this year. Consider the Treasury Department’s 2010 Revenue Proposals, aka “The Green Book.” Transfer pricing will continue to be a focus, including a proposal to limit the shifting of income from intangible property transfers. And of course, valuation discounts in the estate and gift tax arena remain a primary concern, as the government seeks to disregard certain restrictions on FLP assets (and any related discounts) if the restrictions lapse after transfer, or family members could remove them.

All that appraisers need to know about current E&G issues. Tune in tomorrow, Thursday March 4th, as Linda Trugman, Jay Fishman, and Chris Treharne discuss “Valuation Issues in Estate & Gift Tax”, a 100-minute teleconference covering all of the latest developments in this complex and ever-changing field. Two CPE credits are available, and it’s right in time for the busy tax season. Find out more and register here.

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