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JULY 2015 BDO FEDERAL TAX ALERT 1 www.bdo.comSUBJECTCONTACTSECTION 2704 PROPOSED REGULATION COMING POSSIBLY IN FALL OF 2015Astrid Breuer, Tax Senior Manager 2482446511 / Breuer×BDO.summary Catherine

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What is section 2704 proposed regulation?

Section 2704 proposed regulation aims to prevent undervaluation of transferred interests in family-controlled entities for estate and gift tax purposes.

Who is required to file section 2704 proposed regulation?

Taxpayers who transfer interests in family-controlled entities are required to file section 2704 proposed regulation.

How to fill out section 2704 proposed regulation?

Section 2704 proposed regulation can be filled out by providing relevant information about the transferred interests and ensuring compliance with the regulations.

What is the purpose of section 2704 proposed regulation?

The purpose of section 2704 proposed regulation is to prevent tax avoidance through undervaluation of transferred interests in family-controlled entities.

What information must be reported on section 2704 proposed regulation?

The information that must be reported on section 2704 proposed regulation includes details of the transferred interests, valuation methods used, and compliance with the regulations.

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