Proposed Regulations under I.R.C. Section 2704 (NOTE: Treasury Withdrew these Regulations in October 2017)

New tax proposed Treasury Regulations may affect the amount of tax on family businesses. Alan Davis discusses the proposed Regulations under I.R.C. Section 2704. He talks about the operation of Section 2704 and how the proposed regulations will change how it is applied to transfers of family businesses. Mr. Davis suggests actions to take before these Regulations become effective given the current political and tax climates.