I enjoyed seeing many of you at the Advanced Business Valuation Conference in Houston. Despite hurricane Harvey's efforts to slow us down, the conference was a great all-around success. Conference chair Bruce Johnson, ASA, and his committee pulled together an outstanding slate of presenters. And conference coordinator Lisa Perry didn't miss a beat handing all the logistical complexities. Thank you both for all your efforts.
Mark your calendar for next year's conference, October 9–10 in Anaheim, California.
As you may have heard, Treasury Secretary Steven Mnuchin has recommended that the IRS withdraw its controversial proposed rule IRC §2704 regulations. This regulation would have dramatically changed how minority interests in family-controlled businesses are valued by virtually eliminating certain valuation discounts for family-owned and -operated businesses.
In July, under the leadership of BV Government Relations Chair Will Frazier and ASA's Senior Director of Government Relations and Chief Lobbyist John Russell, the ASA...
