CA Signs On To Family Business Coalition Efforts

CA recently participated in a Family Business Coalition effort asking the House Ways and Means Committee to re-think taxation for unrealized capital gains at death–a “double death tax”—as an unworkable policy for family businesses. “ Taxing phantom gains in any form, whether through unrealized gains at death or through the recently released mark-to-market approach has the potential to create serious liquidity issues for privately held businesses.” Read the full letter here.