Richard L. Dees
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Richard L. Dees advises owners of privately and publicly held companies and wealthy families on control, tax, and business planning issues. Richard helps clients save estate taxes and develop succession plans targeted for S corporations, and regularly consults with other lawyers, accountants, financial planners, insurance consultants and trust officers on Internal Revenue Service (IRS) litigation and structuring business transactions. He also has experience on the farm estate tax valuation rules under Code Section 2032A and advises farmers, landowners, and real estate professionals on a variety of tax, leasing and business-planning issues. Read Richard Dees full bio.
Proposed New IRS Rules for Valuing Interest in Family-Controlled Entities May Curb Discounts For Estate, Gift and Generation-Skipping Tax Purposes
By Carlyn S. McCaffrey and Richard L. Dees on Aug 5, 2016
Posted In IRS Guidance, Uncategorized
On August 2, 2016, the US Department of the Treasury issued long-awaited, proposed regulations on the valuation of interests in family-controlled entities for estate, gift and generation-skipping tax purposes. If finalized, these new rules are likely to substantially increase estate taxes payable by the estates of owners of family-controlled businesses, farms, real estate companies and...