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DTSTART:20160830T163000Z
DTEND:20160830T190000Z
LOCATION:Minnehaha Country Club
UID:1355820160830T163000ZValuation Vendetta: 2704 Regs Seek to Dump Discounts
DTSTAMP:20260423T140541Z
DESCRIPTION:\nOn Thursday, August 4, the IRS published proposed new regulations under Section 2704 of the Internal Revenue Code. These proposed regulations, if finalized in their current form, will have a monumental impact on tax planning for many estates potentially subject to estate tax. In particular, valuation discounts for certain intra-family transfers of equity in corporations and partnerships, for many years widely available, may be severely limited going forward. In this teleconference, Clary Redd and Turney Berry will explain what Section 2704 was intended to address when it was enacted, how it has worked up to now and what these new proposed regulations seek to accomplish. Among other things, Clary and Turney will discuss:\n Big change in definition of "applicable restriction" New category of "disregarded restrictions" New three-year rule Effect of nominal non-family held interests Operating businesses vs. entities holding passive investments Possible court challenges Effective date
SUMMARY:Valuation Vendetta: 2704 Regs Seek to Dump Discounts - Sioux Falls Estate Planning Council 
PRIORITY:3
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DESCRIPTION:Reminder
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