Proposed Regs Seek to Close Estate and Gift Tax Preference - McDermott Will & Emery

Proposed Regs Seek to Close Estate and Gift Tax Preference

Overview


Richard Dees, who in 2015 expressed concern to Treasury and the IRS about rumored changes to valuation discount rules, said the changes now released appear to eliminate all valuation discounts. “Liquidation restrictions and minority and marketability discounts are flip sides of the same coin; you can’t separate the two,” Mr. Dees explained.