Proposed Estate Tax Regulations Threaten Family Businesses

Proposed Estate Tax Regulations Threaten Family Businesses

NCBA

The National Cattlemen’s Beef Association along with more than 3,800 organizations and family-owned enterprises sent a letter to Treasury Secretary Jacob Lew adamantly opposing and asking for withdrawal of the newly proposed estate tax regulations by the Department of Treasury. The proposed regulations under section 2704 of the Internal Revenue Code would permanently change estate planning for families that own a controlling interest in a privately-held entity.

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