On August 2, 2016, the Treasury Department issued new proposed tax regulations that would substantially eliminate many of the valuation discounts used for transfer tax purposes by family-owned businesses. The regulations disregard restrictions on the redemption and liquidation of a family-owned business for valuation purposes. In effect, this would mean that the value of an
transfer tax
Tax Provisions In Highway Trust Fund Extension Law
By Kevin Curry on
On July 31, 2015, President Obama signed into law the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015” (the Act). The Act was primarily designed as a temporary extension of the Highway Trust Fund and related issues. However, the Act also includes a number of important tax provisions, some of which are…