IRS to Withdraw Special Valuation and Political Subdivision Proposed Regulations, and Continue Regulation Review

The U.S. Department of the Treasury issued a report
today to comply with Executive Order 13789
announcing the actions to be taken on the eight complex and burdensome
regulation projects identified in Notice 2017-38. The
Treasury announced the withdrawal of the proposed regulations under §2704 on
restrictions and lapsing rights for estate, gift and



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