781.708.4445

wmlevine@levinedisputeresolution.com

Divorce Mediation Blog

Proposed IRC §2704 Regulations? Fini

Wednesday, February 21, 2018

Levine Dispute Resolution - Proposed IRC

We have blogged on previously occasions about the Obama-era proposed regulations to tighten practices in valuing family-controlled businesses. Much of the last 14 months have been spent in public scrutiny and commentary of these proposed rules.

Our most recent entry was about presidential Executive Order 13789 (April 21, 2017), the United States Treasury Department that put the proposed §2704 regulations in its crosshairs, in the name of de-regulating business. In its 60-day interim report, Treasury identified including §2704 among eight “Regulations identified for burden reduction”. We wondered then how much the president, his cabinet, West Wing advisors – and all of their heirs -- stand to gain personally, by “unburdening” the American people in this way.

It appears that we now know the answer – or at least infer it: plenty!

On October 2, 2017, Treasury Secretary Mnuchin formally recommended withdrawing the §2704 proposals, as burdensome, unworkable and beyond IRS legal authority. We wish that the current government were not so rife with conflicts that self-dealing would not be our first thought, but it is, so it is. That, and their congenital need to trash anything that has the name “Obama” associated with it.

Politics and skepticism aside, many in the valuation community wish the proposed rules good riddance, too.



Get e-mail notifications of new blog posts! Enter email address below.:



Delivered by FeedBurner

other articles


recent posts


tags

child support Massachusetts Family Law Arbitration med/arb traditional negotiations litigation conciliation divorce mediators Act Reforming Alimony in the Commonwealth family support alimony Cohabitation Baseball Arbitration Massachusetts divorce mediators Massachusetts Lawyers Weekly divorce mediator Boston med-arb divorce agreement Massachusetts alimony divorce arbitrators Major League Baseball Arbitration divorce litigation lawyer Divorce Agreements high-risk methodology Baseball Players Massachusetts alimony and child support mediators facilitated negotiations divorced Matrimonial Arbitration arbitrators Same Sex Marriage dispute resolution private dispute resolution Massachusetts lawyers LDRC family mediation annulment special master divorce process resolve disputes arbitrator divorce arbitrator mediator SJC alimony reform legislation medical benefits divorce mediation IRC §2704 Levine Dispute Resolution Center LLC Defense of Marriage Act The Seven Sins of Alimony health insurance family law arbitrator fraud alimony law arbitration divorce arbitration lawyers rehabilitative alimony Levine Dispute Resolution Self-adjusting alimony orders General term alimony family law arbitrators Baseball Massachusetts divorce lawyers MLB labor agreement Alimony Reform Act DOMA how baseball arbitration works lawyer-attended mediation Chouteau Levine divorce and family law mediators Massachusetts Alimony Reform Act alimony orders COLA divorce lawyers family law mediation Uniform Arbitration Act pre-ARA alimony support orders Divorce Obamacare disputes divorce mediations Levine Dispute Resolutions Child Support Guidelines family law separation self-adjusting alimony divorce and family law Levine Dispute Resolution Center alimony statute family and probate law disputes health coverage mediations mediation divorce judgment