Rumors are circulating that the Treasury Department is going to publish new regulations that will deal with planning for chapter 14 family businesses and entities. In this edition of Capital Letters Ronald C. Aucutt discusses the valuation discount regulations that will affect the chapter 14 statutory structure. The Treasury Department would like more durable rules for disregarding certain statutory restrictions. The article discusses how the greenbook provides an outline for what type of regulations the Treasury is expected to release. There will probably be intense reactions to the new regulations and it likely take many years for a final version to be implemented. Many people will try to challenge or circumvent the new rules. Others feel that the new proposed regulations will offer a more holistic approach to deductions.
See Ronald C. Aucutt, Anticipated Valuation Discount Regulations, The American College of Trust and Estate Counsel, July 20, 2015.
Special thanks to Bob Moore (Wolf & Moore, P.C.) for bringing this article to my attention.
