On October 4, 2017, in its Second Report to the President Identifying and Reducing Tax Regulatory Burdens the U.S. Department of the Treasury announced that it is recommending the complete withdrawal of the proposed 2704...more
On November 1, 2016, via Notice 2016-66 (2017-47 IRB) (link to notice), the Treasury Department and IRS declared certain captive insurance transactions under Code section 831(b) as “transactions of interest.” Commonly...more
Background: On August 4, 2016, the Treasury Department and Internal Revenue Service issued proposed regulations addressing the valuation of certain business interests for federal estate, gift and generation-skipping tax...more
Effective March 23, 2016, the Treasury Department and Internal Revenue Service published Notice 2016-27, once again extending, until June 30, 2016, the deadline for executors and other persons to complete and file Form 8971...more
3/26/2016
/ Beneficiaries ,
Estate Tax ,
Executors ,
Filing Deadlines ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
Real Estate Transfers ,
Reporting Requirements ,
Tax Basis ,
Time Extensions ,
U.S. Treasury ,
Valuation