Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Scams in the Time of COVID

If it seems as if we are always talking about COVID Scams, you are right...

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170 Hits

Family Business Valuation Proposed Regulations Withdrawn

In a notice issued by the IRS on October 17, 2017, Treasury has withdrawn the Proposed Regulations issued August 4, 2016 concerning the estate, gift and GST tax treatment of valuation of family-controlled businesses. These regulations were issued under Code Section 2704 and would have impacted planning involving the valuation of such interests for transfer tax purposes. After the proposed regulations were issued, numerous written comments were submitted and a public hearing was held on December 1, 2016. President Trump issued Executive Order 13789 on April 21, 2017, instructing the Secretary of the Treasury to review tax regulations issued on or after January 1, 2016, and to submit a report to the President by September 18, 2017. The Secretary recommended that the proposed regulations be withdrawn, and the Treasury Department and IRS have now done so.

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661 Hits

Love is Blind---So You Better Wear Glasses

Beth McCann, the Denver District Attorney, recently sent out this Consumer Advisory called: Love is Blind---So You Better Wear Glasses

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979 Hits