Fall
 Newsletter
B&C Valuation Group
Whether you are buying a company, selling a company or  division, or considering succession planning for a new generation of ownership, business valuation services provide needed clarity and resolution to complex and difficult decisions. B&C Valuation Group offers valuation services, litigation support, financial analysis, forensic accounting and expert tes timony. 

We have experience in a wide range of consulting disciplines including business valuations of private companies in various industry sectors for the purposes of estate planning, gifting transactions, shareholder disputes, mergers & acquisitions, transfers or exchanges and marital disputes. Learn more and visit our website  here .
Treasury Department Issues Withdrawal of Proposed Rule Making



Partner-in-Charge: 
B&C Valuation Group
Bowers & Company CPAs

As a follow up to our summer newsletter, the Treasury Department (IRS) has officially issued a withdrawal of proposed rule making, specifically relating to Proposed Regulations under IRS ยง2704.  This is a big win for taxpayers.
As noted in our Summer 2017 newsletter, the Proposed Regulations attempted to do many things to curb what the IRS considered "abusive".  Some proposed changes were:
  1. Fundamentally change the definition of fair market value. Fair market value assumes a hypothetical willing buyer/seller.  These proposals would not assume that.
  2. If family members held a controlling interest (even through attribution), the Proposed Regulations would require that an interest being valued has liquidation rights (when in reality it would not).
  3. The Proposed Regulations effectively would force "put" provisions that can be exercised at almost any time, which is not realistic and does not occur in the market place.
The withdrawal comes as a result of the Presidents Executive Order 13789, issued on April 21, 2017, instructing the Secretary of the Treasury to review all significant tax regulations issued after January 1, 2016, and to take action to alleviate burdens caused by such regulations.

                                 


Syracuse Office

120 Madison Street
1700 AXA Tower II
Syracuse NY, 13202
Watertown Office

1120 Commerce Park Dr. East
Watertown, NY 13601