TITLE

IRS Act Means Changes for Family Owned Businesses

AUTHOR(S)
Brody, Lawrence
PUB. DATE
October 1998
SOURCE
Journal of Financial Planning;Oct98, Vol. 11 Issue 5, p42
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
States that the United States Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 has replaced Section 2033A of the Internal Revenue Code regarding family owned business exclusion, with Section 2057, the family owned business deduction provision. In-depth look at Section 2033A of the Code and its exclusions; Detailed information on Section 2057; Differences between the two provisions; Clarification of the Act.
ACCESSION #
1212375

 

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