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


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