The IRS and Treasury have officially withdrawn the August 2016 proposed regulations (NPRM REG-163113-02 , I.R.B. 2016-36, 329) concerning the estate, gift and generation-skipping (GST) treatment of certain lapses of liquidation rights and the valuation of interests in certain family-owned entities. The proposals were aimed at ending what were perceived to be schemes to erode […]
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