781.708.4445

wmlevine@levinedisputeresolution.com

Divorce Mediation Blog

Treasury Department trumps Proposed IRC §2704 Regulations?

Friday, July 28, 2017

We have been following the saga of the Obama-era proposed regulations to tighten practices in valuing family-controlled businesses, which spent much of last year plus in public scrutiny and commentary. The proposed rules have been a lightning rod for valuation experts and family business representatives alike, since they would pretty much eradicate discounts, establish minimum valuations and increase federal tax receipts upon sales of these closely held-entities during lifetime, and upon death, for those fortunate few who qualify for estate tax liability.

Now, courtesy of presidential Executive Order 13789 (April 21, 2017), the United States Treasury Department has put the proposed §2704 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 can’t help but wonder 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.

Think we’ll ever know?



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



Delivered by FeedBurner

other articles


recent posts


tags

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