Making Large Gifts Won’t Harm Estates After 2025

In late 2019, the Internal Revenue Service (IRS) and Treasury Department issued a final answer to the question of whether large gifts made between December 31, 2017, and January 1, 2026, would adversely affect post-2025 estates. The regulation confirms that...

Should You Extend Your 2019 Tax Return?

Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in previous years. Why did the number of extensions surge last year? Most changes under the Tax...

How Industry Fits Into the Valuation Puzzle

IRS Revenue Ruling 59-60 is an essential building block of modern appraisal practice. It identifies “the condition and outlook of the specific industry” as one of the factors to consider when valuing a private business. But how do investors measure...