Private Client & Trust

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IRS: Valuation of Publicly Traded Stock Must Consider Anticipated Merger

October 28, 2019Publications / Mentions
Boston Bar Association - Trust & Estates Section

On September 27, 2019, the Office of Chief Counsel (“OCC”) of the Internal Revenue Service released a Chief Counsel Advice Memorandum (the “Memorandum”) addressing the valuation of stock of a publicly traded corporation for gift tax purposes, where the corporation was engaged in negotiating a pending merger at the time of the gift. Click here to read more about the significance, impact, and opportunities that surround this Memorandum as well as learn about the potential considerations for donors. 

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