New IRS Regulations will affect Auto Dealership Values
In August, the IRS issued proposed regulations under IRC section 2704 that are intended to disallow or significantly curtail many valuation discounts used in estate planning. Learn about the impact of the new regulations on valuation reports and on intra-family transfers of dealership stock. Last month, we wrote about this after seeing it from a CPA friend,
Wow, huge news for #auto dealerships form @DowneyCo IRS has proposed regulation changing estate planning by limiting valuation discounts.
— GW Marketing Service (@GWMarketingSvcs) September 12, 2016
Explore actions to consider (with assistance from legal advisors) to take full advantage of discounts available under the current law and estate planning strategies available after the regulations take effect.
The NADA is presenting a webinar next Tuesday that you might be interested in.
Date & Time: 1 p.m. ET, Thursday, Oct. 20, 2016
Presented by: Marvin Hills and Stuart McCallum from Crowe Horwath, LLP
Duration: 60 minutes
