Posted by Robert Hodges | in December 2016 on Wednesday, December 14, 2016
Estate and gift tax concerns the transfer of assets (usually from an older generation to a younger one). The goal of estate and gift tax planning is to transfer assets effectively and efficiently for the lowest tax cost. If the assets being transferred are not easily valued, the taxpayer needs to value those assets in a manner acceptable to the IRS. Valuation concerns usually arise with family business entities.