• Newly Proposed IRS Regulations Would Severely Curb Valuation Discounts
  • September 7, 2016 | Author: Nita S. Vyas
  • Law Firm: Greenbaum, Rowe, Smith & Davis LLP - Woodbridge Office
  • In an August 2015 Client Alert, we noted that the Internal Revenue Service (IRS) was planning to issue regulations that might curtail the ability of taxpayers to use valuation discounts (also known as minority and marketability discounts) in connection with their estate planning. Earlier this month, the IRS and the U.S. Department of Treasury finally issued those proposed regulations. As expected, the new regulations, if adopted, would significantly limit the valuation discounts that are currently available to taxpayers for estate and gift tax purposes.