Tax Principal Michael D'Addio spoke with Long Island Business News about valuation discounts on family businesses.
Long Island Business News
By Claude Solnik
“There is a technical question as to whether these regulations will be valid,” Michael D’Addio, principal in tax and business services at Marcum in New Haven, Conn., said. “The [IRS] has had a problem with intra-family transfers. They’ve lost in court in terms of eliminating the discounts.”