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- Title
S Corporation Corner.
- Authors
Walthall, Robert C.
- Abstract
The article offers information on the plan of the U.S. Internal Revenue Service (IRS) to release the regulations under Code Section 2704 in 2015. The proposed regulation might have an effect on the valuation of interests in closely held partnerships or corporations that are transferred to family members. The IRS attacks on family assets' sales to grantor trusts and will show the opposition of IRS to the use of valuation discounts in interest transfer for tax planning purpose.
- Subjects
UNITED States; TAXATION of business partnerships; ASSETS (Accounting); FAMILY-owned business enterprises; GRANTOR trusts; TAX planning; UNITED States. Internal Revenue Service
- Publication
Journal of Passthrough Entities, 2015, Vol 18, Issue 6, p37
- ISSN
1099-7407
- Publication type
Article