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estate tax: Special Valuations For Intrafamily Transfers, gift Taxes and Lifetime Transfers - 01/14/10 05:32 PM
 
Valuations on gifts when talking about intrafamily transfer's can be extremely dificult to prove satisfactorily to the government, especially when they involve a closely held business. There are four specific sections concerned with how to value intrafamily transfers within the gift and estate tax codes. Those sections are 2701, 2702, 2703 and 2704.
Section 2701 applies to transfers relating to corporate or partnership interests when there is no established market for such interest.
Section 2702 applies to transfers in trust or term of interests. It's good to remember that Term interests include any interest that will last only for a … (0 comments)

 
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Leon Williams

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