Special use valuation and the qualified family-owned business deduction each reduce the taxable estate, the amount to which graduated estate tax rates are applied, and, ultimately, an estate's tax liability.
What does FOBD stand for?
FOBD stands for Family-Owned Business Deduction (taxes)
This definition appears rarely and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of FOBD
We have 1 other meaning of FOBD in our Acronym Attic
- Federation of British Bonsai Societies
- Federation of Bangladeshi Caterers (restaurant industry group)
- Fiber-Optic Bulkhead Connector
- Finedon Old Band Club (UK)
- Foreign Outward Bill for Collection
- Friends of Baxter Creek
- Friends of Big Creek (Ohio watershed stewardship organization)
- Friends of Buchan Caves
- Friends of the Building Committee
- Friends of Brooker Creek Preserve (land use committee; Florida)
- Free On Board Destination (shipping)
- Friends of Ballroom Dancing (Newport, RI)
- Friends of Barrington Dog Park (Los Angeles, CA)
- Friends of Blue Danube Radio (station closed 2000; Austria)
- Faculty of Business and Entrepreneurship (National University of Samoa)
- Fear of Being Early (anxiety)
- Form Operation by Example (programming language)
- Fractional Out-of-Band Energy
- Friends of Bright Eyes (UK charity organization)
- Fetal Organ Blood Flow
Samples in periodicals archive:
One provision in the Internal Revenue Code is called the qualified family-owned business deduction.
In addition, other factors may apply, such as applicable discounts and premiums that affect FMV--for example, owning a minority or controlling block of shares--and the availability to an estate of the section 2057 qualified family-owned business deduction.