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Log In / Register | Oct 17, 2017

Franchisees Not Having It Their Way with IRS

BNA from Bloomberg News reports:

Owners of popular fast-food restaurant franchises are one group the IRS is hearing from as it sifts through thousands of comments on proposed estate tax rules…Among the more than 8,000 comments that have been submitted in response to the proposed Internal Revenue Service regulations (REG-163113-02) on valuation discounts under tax code Section 2704, are remarks from franchise owners for chains including Burger King, Dunkin’ Donuts and 7-Eleven. The rules would make changes to the valuation of interests in family-owned businesses for estate, gift and generation-skipping transfer tax purposes.

...Robert Branca, vice chairman of the Coalition of Franchisee Associations Inc. and a multistate franchisee for Dunkin’ Donuts, told the IRS in a Sept. 29 letter that “franchises are especially vulnerable if these regulations are amended because of factors particular to franchising that naturally depress a business’ price.”

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About Rob Branca

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Robert Branca is a multi-unit, multi-state franchisee with the Dunkin' Donuts system. He is an elected leader of the franchisees in that system, serving as the Franchisee Chair of its Government Affairs Committee, the Chair of the Dunkin' Donuts Franchise Owners PAC and the Vice Chairman of the Coalition of Franchisee Associations and an active member of the International Franchise Association. Rob served as the Chairman of the 2015 Multi Unit Franchising Conference and continues to serve on its Board. He is a graduate of The University of Michigan Law School and Boston College.

Area of Interest
Franchise Operations