A gift of 20% of your business may use more of your exemption than you expected if the IRS increases its value.

A gift of 20% of your business may use more of your exemption than you expected if the IRS increases its value.

A defined-value transfer can address that uncertainty, but the wording and the way you carry it out matter.

This Daily Tax Planning Strategy explains planning for valuation changes when transferring a closely held business.