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Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations

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Title: Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations
Description: The proposed IRC Section 2704 regulations, one of the most discussed valuation topics of the year, have triggered strong reactions from the business valuation and legal professions. The controversial proposed regulations are designed to eliminate or greatly reduce valuation discounts for family-owned entities for transfer tax (estate, gift, and generation-skipping) purposes. Many in the business valuation community feel that the proposed regulations introduce a new standard of value, with an unknown definition, that goes against years of accepted valuation theory and Tax Court precedent. With a possible effective date as early as 2017, now is the time to understand these potential changes and how to respond quickly. BVR's new special report, Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations, sheds light on the proposed regulations and helps appraisers navigate the possible implications on the valuation of private business entity interests for transfer tax purposes.
Authors: BVR Staff
Resource Type: eBook.
Subjects: Gifts--Valuation--United States, Gifts--Taxation--United States, Decedents' estates--Valuation--United States, Decedents' estates--Taxation--United States
Categories: LAW / Legal Profession, LAW / Business & Financial, LAW / Taxation
Database: eBook Collection (EBSCOhost)
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  – Type: ebook-pdf
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  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 2164864
RelevancyScore: 1070
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
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  Data: Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations
– Name: Abstract
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  Data: The proposed IRC Section 2704 regulations, one of the most discussed valuation topics of the year, have triggered strong reactions from the business valuation and legal professions. The controversial proposed regulations are designed to eliminate or greatly reduce valuation discounts for family-owned entities for transfer tax (estate, gift, and generation-skipping) purposes. Many in the business valuation community feel that the proposed regulations introduce a new standard of value, with an unknown definition, that goes against years of accepted valuation theory and Tax Court precedent. With a possible effective date as early as 2017, now is the time to understand these potential changes and how to respond quickly. BVR's new special report, Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations, sheds light on the proposed regulations and helps appraisers navigate the possible implications on the valuation of private business entity interests for transfer tax purposes.
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  Data: <searchLink fieldCode="DE" term="%22Gifts--Valuation--United+States%22">Gifts--Valuation--United States</searchLink><br /><searchLink fieldCode="DE" term="%22Gifts--Taxation--United+States%22">Gifts--Taxation--United States</searchLink><br /><searchLink fieldCode="DE" term="%22Decedents'+estates--Valuation--United+States%22">Decedents' estates--Valuation--United States</searchLink><br /><searchLink fieldCode="DE" term="%22Decedents'+estates--Taxation--United+States%22">Decedents' estates--Taxation--United States</searchLink>
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RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 343.73053
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Gifts--Valuation--United States
        Type: general
      – SubjectFull: Gifts--Taxation--United States
        Type: general
      – SubjectFull: Decedents' estates--Valuation--United States
        Type: general
      – SubjectFull: Decedents' estates--Taxation--United States
        Type: general
    Titles:
      – TitleFull: Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: BVR Staff
      – PersonEntity:
          Name:
            NameFull: BVR Staff
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          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2016
            – D: 10
              M: 09
              Type: profile
              Y: 2019
          Identifiers:
            – Type: isbn-print
              Value: 9781621500797
            – Type: isbn-electronic
              Value: 9781621500865
          Titles:
            – TitleFull: Proposed IRC Section 2704: Potential Impacts on Estate and Gift Valuations
              Type: main
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