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Internal Revenue Service and the Department of Treasury Withdraw Estate Valuation Regulations

by Monte L. Schatz

Historically, valuation discounts have been used as an estate planning tool to minimize estate, gift and generation-skipping taxation.  The ability to minimize taxation of ownership interests in closely held corporations, limited liability companies and partnerships has been critical in helping to assure the preservation and continuity of those businesses by legally avoiding tax obligations that would adversely affect the liquidity and cash flow of operating businesses.  326 more words

Estate Planning

Trump Administration Won't Commit To Putting Harriet Tubman On $20 Bill

Anyone expecting to someday see Harriet Tubman’s image grace the front of the $20 bill may be in for a long wait. In a new interview, Treasury Secretary Steve Mnuchin hinted that the Trump administration may back off the planned change that would have had Tubman take Andrew Jackson’s place on the bill. 383 more words

Government Policy