Example: tourism industry
Search results with tag "Closely held business"
CHARITABLE PLANNING WITH CLOSELY-HELD BUSINESS …
nwpgrt.orgCharitable gifts involving some kind of closely held business entity are becoming an increasingly important element of an overall estate plan. They can be an effective tool to maximize the benefits of valuation discounts, reduce income and estate taxes, and generally promote your client's estate planning and philanthropic goals.
Understanding Federal Estate and Gift Taxes
www.cbo.gova closely held business (which typically has very few share-holders).3 The value of the taxable estate is determined by deducting from that total amount any transfers to the sur-viving spouse, contributions to charitable organizations, debts, funeral costs, state estate tax liability, and other costs associated with administering the estate.