The December 31, 2012 sunset date for the estate tax, as provided by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, is once again quickly approaching, and in typical fashion there is a divide over what the fate of...
R. Schoenhaar, Esq.*
We are half way
through 2012 and the generous tax legislation that went into effect on January
1, 2011, is scheduled to sunset on December 31, 2012, if Congress fails to act.
Those who can participate in significant...
Estate Planning is a comprehensive treatise covering estate,
gift, income and generation-skipping transfer taxation. It guides the
practitioner through the issues and challenges in advising a wide range of
clients. The 5 volumes cover three distinct...
After the relative calm following the enactment of the Tax Relief,
Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRA
2010), we are beginning to see signs of turbulence in the estate tax
arena. (Note: See my Guide to the New...
As 2013 approaches, there will be a flurry of activity by wealthy individuals seeking to take advantage of a gift tax exemption of $5,120,000, that will decrease to only $1 million in 2013. Taxpayers often gift closely held business interests or real...