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TAX LAW NEWS - TAX LITIGATION
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In the area of estate tax law, the only thing that is certain right now is that things are going to change. The Economic Growth and Tax Relief Reconciliation Act, passed in 2001, came with a “sunset clause,” giving Congress until Dec. 31, 2010 to extend the law or else it would disappear and the [...]
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Federal estate-tax laws are on a collision course with chaos in 2010, thanks to an old piece of legislation that’s on schedule to come to full fruition less than six months from now.
Many estate-planning experts don’t believe Congress and the White House will let matters transpire as mandated by the Economic Growth and Tax Relief [...]
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Struggling to find ways to pay for the president’s signature health care overhaul, the administration on Monday proposed to raise nearly $60 billion more over 10 years mostly from tightening rules for inheritance taxes affecting the wealthiest estates.
The Treasury Department’s proposals, and several others affecting taxation of life insurance and some other financial products, are [...]
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It just got a little easier for taxpayers to plan around two thorny bits of the Internal Revenue Code: the estate tax and the alternative minimum tax.
The Obama administration budget resolution Congress approved on Wednesday for fiscal 2010 outlines changes for these controversial levies.
It extends the estate-tax top rate of 45% on estates over $3.5 [...]
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The estate tax is simply unfair. It tells every American that no matter how hard you work or how wisely you manage your affairs, in the end the Federal Government is going to step in and take it away. The estate tax is double and, in some cases triple taxation, it punishes hard work and [...]
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One of the oldest and most common forms of taxation is the taxation of property held by an individual at the time of their death. Such a tax can take the form, among others, of estate tax (a tax levied on the estate before any transfers). An estate tax is a charge upon the decedent’s [...]
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