Why Business Owners Should Consider Estate and Gift Tax Saving Strategies Now

By Wiss, Posted in Estate and Business Succession Planning

By Leo Matarazzo The Treasury Department recently issued proposed regulations targeting the use of discounts that reduce the value of a family-owned business and any other family controlled entity for estate and gift tax purposes, which lowers a taxpayer’s ultimate tax liability at death. Potentially millions of dollars of estate tax savings are at stake if these regulations are adopted so it is important to remain informed and proactive on the issue. The regulations aim to eliminate virtually... read more.

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