Skip to Main Content
 

Beth Kaufman Comments on Proposed Estate Tax Regulations in Washington Post

August 2, 2016, The Washington Post

Beth Shapiro Kaufman spoke with The Washington Post concerning the Treasury Department's newly proposed regulations to crackdown on taxpayers who are attempting to avoid the estate tax by using valuation discounts. To view the full transcript, please visit The Washington Post's website.

Excerpt taken from the article.

"For instance, some families put their assets in a limited liability corporation when looking for ways to lower their taxes," said tax attorney Beth Kaufman, who previously served as associate tax legislative counsel for the Treasury Department. "The family can then argue that the assets should be valued at a discount because selling a portion of the corporation would be difficult," she said. Applying that discount to the value of the assets obtained through an inheritance or given to a family member as a gift, would lower the estate tax owed.

"The tax community has been waiting for regulations on this issue since 1990," she said. “In this world, this is a big deal,” said Kaufman, president of D.C. law firm Caplin & Drysdale.

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of tax, tax controversy, and litigation legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills - combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment - make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:

-Bankruptcy
-Business, Investment & Transactional Tax
-Complex Litigation
-Corporate Law
-Employee Benefits
-Exempt Organizations
-International Tax
-Political Law
-Private Client
-Tax Controversies
-Tax Litigation
-White Collar Defense

For more information, please visit us at www.caplindrysdale.com.

Washington, DC Office:
One Thomas Circle, NW
Suite 1100
Washington, DC 20005
202.862.5000
        New York, NY Office:
600 Lexington Avenue
21st Floor 
New York, NY 10022
212.379.6000

___________________________

Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.

© 2017 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practices