Concerning the estate tax valuation of a closely held business:
A) Good tax planning argues against any lifetime gifts of ownership interests to other parties.
B) Good tax planning strives for a measure of certainty in the valuation if an IRS audit occurs.
C) IRS appraisers will determine the estate tax valuation.
D) Appraisers for the decedent will determine the estate tax valuation.
Correct Answer:
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