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Valuation and Litigation Newsletter – March/April 2022

In this edition of our Valuation and Litigation newsletter, the feature article is about discounting majority interests. The article provides a detailed overview of a recent U.S. Tax Court case that addressed the valuation of majority interests in five real estate holding companies for estate tax purposes. Other articles include: Maginnis v. Maginnis: Court addresses […]

Plan to End IRS Backlog in 2022

On Thursday, March 10, 2022, Deputy Secretary of the Treasury Wally Adeyemo and IRS Commissioner Charles P. Rettig visited the Philadelphia IRS campus to deliver their plan to eliminate the IRS backlog in 2022. As we reported on January 12, 2022, the IRS had a backlog that included: 6 million unprocessed original individual returns (Forms […]


We want to remind everyone that the IRS will have face-to-face help available tomorrow, Saturday, March 12, 2022, at specific locations throughout the country. As we reported last month, the IRS is working to improve the client experience, which includes in-person meetings with no appointment required on the second Saturday of the month. The following […]

IRS Proposes New Rules for Required Minimum Distributions

Last month, the IRS proposed new rules related to Required Minimum Distributions (RMDs) from qualified plans, section 403(b) annuity contracts, custodial accounts, and retirement income accounts, as well as individual retirement accounts and annuities and eligible deferred compensation plans under section 457. The purpose of the proposed regulations is to update the regulations to reflect […]

Tax Planning is a Year-Round Process

Tax planning is a year-round process and should be used as a proactive, strategic tool in your business and personal arsenal. With just 61 days remaining in the current tax season, (based on the current deadline of April 18, 2022), if you did not have a tax plan in place for yourself or your business […]