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Eastern Iowa | Today is the last day for comment on a proposed regulation change by the IRS that can dramatically affect the ability of families to hand down their incorporated operations.
The regulation purposes eliminating allowed sales of shares of closely held corporations at a discount, and severely curtailing the ability to gift stock in these corporations to family members.
National Cattlemen's and the National Association of Manufacturers has asked as many people as possible to sign a letter to the Treasury Secretary to drop this proposed change, as it significantly diminishes the ability to pass ownership from one generation to the next.
If you are interested in signing the letter it can be found at:
namissvr.nam.org
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