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Archive by tag: IRS/Treasury Transfer Tax ProposalReturn

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

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