Estate Plans in Chains - the Unfortunate Trend Toward Unnecessary Discount Caps
LISI Estate Planning Newsletter #1802 (Leimberg Information Services, Inc. Subscribe at www.leimbergservices.com. Some lawyers are instructing appraisers to artificially cap discounts at specific percentages in order to fly under IRS radar, even when the correct and supportable discount would be much greater. Thus, a simple desire to protect clients, lawyers and appraisers from IRS audits may now be causing rampant overstatement of tax liability. This article shows how attorneys can engage appraisers to obtain a full measure of tax benefits for their clients while also providing what the Courts and IRS see as the most helpful evidence for value.
Download Estate Plans in Chains
LISI Estate Planning Newsletter #1802 (Leimberg Information Services, Inc. Subscribe at www.leimbergservices.com. Some lawyers are instructing appraisers to artificially cap discounts at specific percentages in order to fly under IRS radar, even when the correct and supportable discount would be much greater. Thus, a simple desire to protect clients, lawyers and appraisers from IRS audits may now be causing rampant overstatement of tax liability. This article shows how attorneys can engage appraisers to obtain a full measure of tax benefits for their clients while also providing what the Courts and IRS see as the most helpful evidence for value.
Download Estate Plans in Chains
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