Pursuant to federal legislation enacted by Congress in 2015, the IRS announced today that it will begin collecting unpaid taxes through private collection agencies. Specifically, the IRS has announced that it will be contracting with the following companies for collection purposes: CBE Group, 1309 Technology Pkwy., Cedar Falls, IA 50613 Conserve, 200 CrossKeys Office Park,...Read More
On August 2, 2016, the Internal Revenue Service issued proposed regulations that will have a significant adverse effect on the valuation of many family owned or controlled businesses for federal estate and gift tax purposes. These regulations, if finalized, would: Eliminate or substantially reduce lack of control and minority interest discounts for many transfers involving...Read More
