Press Room

July 06, 2015

Hogan Quoted in Barron’s

As the IRS prepares to toughen the rules affecting family partnerships and LLCs, wealthy clients are being advised to prepare for the change by setting up such partnernships that take advantage of discounts while they still exist. Andersen Tax's Jim Hogan spoke with Barron's about why the IRS would benefit from the change of rules. Currently the IRS has to rely on the courts when determining when a "legitimate business purpose exists beyond just getting a discount," said Hogan. "The new rules should give the IRS a tool to deal with discounts themselves." 

Barron's
June 30, 2015 

Read the entire article here.