Change of family business `exclusion' to `deduction' increases complexity of planning

Commito, Thomas F.
October 1998
National Underwriter / Life & Health Financial Services;10/5/98, Vol. 102 Issue 40, p7
Explains how the Technical Corrections Act of 1998 modified the family-owned business exclusion contained in former Internal Revenue Code Section 2033A originally introduced by the Taxpayer Relief Act of 1997. Exclusion from the value of decedent's gross estate the value of certain family-owned business interests; Treatment of family-owned businesses and the unified credit.


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