John L. Varga, ASA will present this month's topic: The Future of Valuation Discounts - Potential IRC Section 2704 Regulations
At the ABA RPTE Conference in late April 2015, Treasury Department Attorney Catherine Hughes indicated that new regulations under IRC Section 2704 are in the works. These “valuation discount rules” or “disregarded restrictions” are thought to be a new tool in the government’s stance against business valuation discounts taken on interests in family owned companies and partnerships for gift and estate tax purposes. The objective of the potential regulations appears to be what was originally sought when 2704 was enacted in 1990 as part of Chapter 14; “Applicable Restriction” was defined under 2704(b).
This presentation will discuss what we know (or what we don't know) so far, the viability of the proposed regulations, and alternative planning techniques for certain family investment vehicles (such as real estate partnerships).
About the Speaker:
John is a Senior Vice President and partner at Management Planning, Inc., a business valuation and transaction advisory firm with a national practice. John also serves as President of the Princeton Chapter of the American Society of Appraisers.
$30 - Includes meeting fee and dinner. Drinks are courtesy of the chapter. You can pay online, or pay in person by cash or check when you attend.