Book Details

Transferring Interests in the Closely Held Family Business 2006 Supplement

By James John Jurinski, Gary A. Zwick

  • ORDER HARD COPY: 2006
  • Paperback
  • 52 pp.
  • ISBN: 0-8318-1414-4
  • Order Code BK10-06
  • $25.00
Overview

The 2006 Supplement covers these developments:

Changes resulting from the Jobs Growth and Tax Relief Reconciliation Act of 2003, including the repeal of the collapsible corporation rules;

Recent cases involving the concept of "personal goodwill";

Changes to the Personal Holding Company and Alternative Minimum Tax rates;

Planning in light of changes to the tax rate on long term capital gains;

Changes that The American Jobs Creation Act of 2004 made to the S Corporation rules, which make it easier for families to use S corporations;

New sections dealing with the IRS attack on family limited partnership (FLP) valuations and the application of §2703, §2704, §2036 to FLPs;

How to plan with family limited partnerships in light of Strangi, other recent cases, and Treasury regulations.

 

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