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


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