Topics: Family Business Coalition

Treasury Department Withdraws Regulations Increasing Estate Tax Burden on Family Businesses

2017-10-06
NATSO Articles
Tax Reform
death tax
Estate Tax
Family Business Coalition
family owned businesses
generation skipping tax
gift tax
Internal Revenue Service (IRS)
limited liability company (LLC)
Section 2704 regulations
Treasury Department

In a positive development for NATSO members and family businesses throughout the country, the Treasury Department has formally announced that it will withdraw the so-called "Section 2704 regulations" on family business valuation. These regulations would have increased the estate tax (aka "death tax") burden on family businesses. More

NATSO, Family Business Coalition Urge Repeal of Death Tax

2017-02-06
NATSO Articles
Tax Reform
death tax repeal
Estate Tax
Family Business Coalition
H.R. 631/S. 205
House Joint Economic Committee
Rep Sanford Bishop (D-Ga.)
Rep. Kristi Noem (R-S.D.)
Senator John Thune (R-S.D.)

NATSO joined more than 132 small business and advocacy organizations across the United States in supporting the Death Tax Repeal Act of 2017, which would end the federal estate tax. More

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