As the US Treasury advised would happen a few weeks back, the Internal Revenue Service this week officially withdrew the Section 2704 regulations implemented by the Obama administration last year. Ostensibly, the regulations targeted the process of valuation of business interests for estate or gift tax purposes with an eye of more stringently taxing family…
Read More »It’s not just the regulations and rulings of the Obama-era NLRB and Department of Labor that the Trump administration is looking to correct, as the Treasury Department this week released a report detailing the regulatory changes it will pursue. In an 11-page report entitled: Identifying and Reducing Tax Regulatory Burdens, the Treasury Department continued the…
Read More »You didn’t think we could provide all these updates on federal agencies increasing fines and tightening restrictions on businesses without mentioning the Internal Revenue Service, did you? We were advised by DDIFO Business Member Cynthia A. Capobianco, CPA that the Treasury Department released proposed regulations earlier this month to dramatically restrict tax options regarding family…
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