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Our voices have been heard! See below for an article on the sizable number of businesses and trade groups that have signed on to the letter against the proposed regulations under Section 2704. Thousands Ask Treasury To Kill Estate Transfer Proposal By Vidya Kauri...

BNA Snapshot * Senate opposition letter possible this week * Lawmakers upset administration is using regulatory process for estate tax changes By Allyson Versprille and Aaron E. Lorenzo Sept. 27 - Senate Republican leaders are joining efforts in the House to block IRS...

Please click the link below to view the replay of FOX's most recent webinar on the impact of proposed Section 2704 regulations on families in which Skip Fox, Aubrey Rothrock and I participated. Urgent FOX Webinar - Is the Clock Ticking for Valuation Discounts? - IRC...

I would like to bring to your attention an article from the Wall Street Journal discussing Hillary Clinton's proposals for increasing the estate tax. In all, Mrs. Clinton would increase taxes by about $1.5 trillion over the next decade, increasing federal revenue by...

We have several updates from Capitol Hill this week, particularly regarding the proposed Treasury regulations. Please click this link for PATG's talking points on the proposed regulations under Section 2704. In addition, we would like to share with you a sample letter...

BNA Snapshot * Estates over $50 million give most to charity * If tax repealed, wealthy might lose incentive to make charitable bequests, analysts say By Allyson Versprille   Sept. 12 - Donald Trump's campaign promise to repeal the estate tax would pad the pockets of...

BNA Tax Report The IRS may face an uphill battle as it works to finalize recent proposed regulations meant to curb certain estate and gift tax planning tactics, according to practitioners. The proposed regulations (REG-163113-02), issued Aug. 2, place limitations on...

Yesterday, the US Treasury Department released long anticipated guidance under IRC Section 2704 designed to close tax preferences on the valuation of certain interests in family limited partnerships and limited liability companies for estate, gift, and...

With the Republican Convention coming to a close and the Democrat Convention opening next week, tax policy continues to be a key differentiator between the Presidential candidates. Donald Trump proposes to reduce the existing seven individual tax brackets to three,...

The IRS has recently released a draft of instructions for Form 706 concerning estates of decedents who died after Dec. 31, 2015. These draft instructions include reminders on consistent basis reporting, new estate tax exemption value and treatment of same-sex couples....

According to a recent study published by the Tax Foundation, presumptive Republican presidential nominee Donald Trump's estate tax proposal would encourage economic growth, but also reduce tax revenue by billions of dollars. The group said that even though his plan...

We thought this story about the launch of a potential rival lobbying organization featured in Politico would be of interest to you. The Patriotic Millionaires, a group of wealthy Americans who argue they should pay higher taxes, registered to lobby for the first time....

The results of the 2016 presidential and congressional races could hold significant sway over the future use of grantor-retained annuity trusts (GRATs) while simultaneously impacting estate and gift taxes. If presumed Democratic nominee Hillary Clinton wins the...

During an address to the American Bar Association Taxation Section over the weekend, Melissa C. Liquerman, Branch Chief within the IRS Office of the Chief Counsel, acknowledged that long awaited regulatory guidance under Section 2704 addressing family-owned business...

Rep. Sander Levin, the top Democrat on the House Ways and Means Committee, recently released a new bill that brings back the estate tax parameters from early in the Obama administration - a $3.5 million exemption, and a 45 percent top rate. That's moving in the other...

PATG continues to monitor the anticipated year-end release of Treasury regulations under Section 2704 that could place limits on the availability of valuation discounts.  As you are aware, PATG worked closely with our Congressional champions over the last year to...

Early this morning, Congressional leaders announced that an agreement had been reached to pass a $1.15 trillion deal on spending and tax legislation that would avoid a government shutdown and fund the federal government in fiscal 2016. Policy and Taxation Group would...

Policy and Taxation Group is excited to announce that Rep. Kevin Brady (R-TX) has just officially been announced as the next chairman of the Ways and Means Committee. Rep. Brady is a true champion of the estate tax repeal effort and the author of this year's estate...

Family Enterprise USA releases an annual survey in order to gather updated data on the state of family businesses throughout the country. You can access the 2015 survey here: https://www.surveymonkey.com/r/TM9W9W8.   If you are a family business owner, please...

Each American Dream recently received back the results from our national survey of Hispanic voters and would like to share some early key insights with you! An interesting finding from our study was the large disconnect between the values and political affiliation...

Policy and Taxation Group's sister organization Each American Dream (EAD) is in the midst of an exciting research project among Hispanic voters, studying how Latinos view wealth, taxes and the economy, and the American Dream.  We kicked off this research in April by...

Over the weekend, it came to light that the British Conservatives will soon announce plans to reduce the scope of the United Kingdom's estate tax by dramatically expanding exemptions allowed for a person's main residence. This proposed relief is a positive sign, but...