Daily Archives: September 15, 2016

Proposed IRS Regs Target Transfer of FLP Interests

If you’ve procrastinated on estate planning moves using family-controlled entities such as family limited partnerships (FLPs), take heed: Valuation discounts for lack of control and marketability on such transfers may be significantly reduced (or possibly eliminated) if recently proposed regulations … Continue reading

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FASB Unveils New Accounting Standard For Not-for-profit Entities

The Financial Accounting Standards Board (FASB) has issued the first major changes to the accounting standards for not-for-profits’ financial statement presentation in more than two decades. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements … Continue reading

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