Long-awaited proposed regulations under section 2704 of the Internal Revenue Code, released on August 2, 2016, would make sweeping and very significant changes to the valuation of interests in many family-controlled entities...more
The IRS and executors have settled two cases in the United States Tax Court involving members of the Woelbing family, who own Carma Laboratories, Inc., of Franklin, Wisconsin, the maker of Carmex skin care products, and a...more
4/4/2016
/ Defined Value Gifts ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Installment Agreements ,
IRS ,
Stocks ,
Tax Court ,
Tax Penalties ,
Trusts ,
Valuation
A number of recent cases highlight particular issues in valuation of assets for purposes of the estate and gift tax. On July 6, 2015, the Internal Revenue Service settled Estate of Davidson v. Commissioner, T.C. Docket No....more
7/16/2015
/ Appraisal ,
Audits ,
Controlling Stockholders ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Trusts ,
Mergers ,
Partnerships ,
Tax Court ,
Tax Litigation ,
Valuation