Last year the IRS scored a significant victory when the US Supreme Court unanimously ruled in favor of the IRS in Connelly vs. United States. The adverse ruling, which received only modest news coverage due to the US Presidential election coverage and multiple ongoing international conflicts, can significantly harm business owners’ preparations for succession, exit, and estate planning. This important educational webinar lays out in everyday language what happened in this landmark case, how it can impact business owners, what steps owners should take to address this change to the tax landscape.
