United States

Tax Provisions in Administration’s FY 2016 Budget Proposals for Closely Held Companies

Apr 02, 2015
From the Global Enterprise Institute

The FY 2016 Federal Budget Proposal: What’s in it for closely held companies?
 

How might President Obama’s fiscal 2016 budget proposals affect closely held businesses and their owners?
 

To help answer that question, KPMG LLP released this publication—Tax Provisions in Administration’s FY 2016 Budget Proposals for Closely Held Businesses and Their Owners — on how Obama’s 2016 budget might affect closely held businesses and their owners.

What’s inside?

This 30-page publication highlights selected revenue proposals that are relevant to closely held businesses and their owners. Individual chapters in the guide discuss proposals related to:

  • High-Income Business Owners
  • Estates & Gifts
  • Compensation & Benefits
  • Partnership-Related Items
  • Business Incentives
  • Compliance and Other Business Tax Items

For some of the more significant topics, KPMG has provided observations and commentary about how the proposal may affect closely held businesses and their owners.

If you are interested in more details about the president’s proposed budget, KPMG has also prepared a 111-page book—Tax Provisions in Administration’s FY 2016 Budget Proposals —that summarizes and makes observations about substantially all the revenue proposals in the Administration’s FY 2016 budget.

Contact KPMG:

Scot R. Guempel
Partner in Charge
Private Markets Group – Tax
T: 973-912-6208
E: sguempel@kpmg.com

William M. Jackson
Partner in Charge
Private Markets Group – Tax
T: 214-840-6040
E: wmjackson@kpmg.com