Ed Krzanowski was quoted in an article, "IRS Estate-Transfer Proposal Meets Rare Repeal Bill," in Law360. The article is about the Internal Revenue Service's new bill to nullify estate-transfer rules of interests in corporations and partnerships for estate, gift and generation-skipping transfer tax purposes. Krzanowski questioned how realistic it is to value an interest if every shareholder in a closely held family business had the right to get out and liquidate within six months. "Too many of the realities are getting disregarded in terms of how family businesses actually operate and what the value of the interests truly are," Krzanowski said. "The IRS is trying to close what it sees as a loophole with respect to investment vehicles that families set up that aren't necessarily active trades or businesses, and I think what the IRS is doing is hitting both the active trade or business just as hard as it is hitting the family investment vehicle."
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Day Pitney's Executive Committee, Executive Board and department leadership changes were featured on CityBiz.
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Day Pitney Litigation Partner Mark Romance and Trusts and Estates Partner Melissa Rodriguez authored the article "Insights Into Florida Trust and Estate Litigation Trends," for Daily Business Review.
Day Pitney's Executive Committee, Executive Board and department leadership changes were featured in Law360 Pulse.
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Day Pitney New Haven Partner Rebecca Iannantuoni will receive The Honorable Anthony V. DeMayo Pro Bono Award.
Day Pitney’s Executive Committee, department leadership changes were featured in Hartford Business Journal.
Day Pitney Trusts and Estates Partner Rebecca Iannantuoni was featured in Law360's coverage of the Connecticut Bar Association's 2024 Celebrate with the Stars ceremony.
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