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Legal Focus

 
01Oct

U.S. Treasury Department Proposes New Regulations that Would Impact Transfers of Family Controlled Companies

10/1/2016| Reference Number : 82.0| Legislative/Regulatory | IRS/Treasury Transfer Tax Proposal | | Return|

On August 2, 2016, the Treasury Department released a proposal to modify the tax regulations for  transferring interests in family owned corporations, partnerships, LLCs and family farms. If the proposed regulations are approved in their current form, the transfer tax cost of transferring interests in a corporation to family members will increase significantly.

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