The U.S. Department of the Treasury recently unveiled new Internal Revenue Service (IRS) estate tax regulations that would eliminate or greatly reduce available valuation discounts for family-related entities. These new regulations would impose significant new tax costs on family-owned businesses, divert capital from business investment, cost jobs and threaten your ability to pass operations on to the next generation.
TSCRA recognizes the devastating affect these regulations could have on you and your family and believes it is a major attack on the heartland of America.
TSCRA strongly opposes these regulations and encourages you to express your personal concerns to your U.S. Congressman and U.S. Senators and submit comments to the Department of Treasury by the Wednesday, Nov. 2, 2016.
To submit your comments click HERE.
To view TSCRA’s comments for points you may wish to include click HERE.
For additional information click HERE.
If you have any questions or concerns regarding this issue, contact TSCRA’s Austin office at 512-469-0171.
Texas and Southwestern Cattle Raisers Association
To Honor and Protect the Ranching Way of Life
PO BOX 101988
FORT WORTH, TX 76185
1-800-242-7820
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