The Basis Step-Up Conundrum
Check out BusinessWeek on the “Estate Tax Gap” or the problem that the basis step-up has gone away for the year. This can really, really hurt family businesses for which the basis is actually zero.
Next year, the estate tax will tax estates valued over $1 million at tax rates between 37% to 55%.
No comments yet.
Leave a comment
You must be logged in to post a comment.
Search
Categories
Archive
Links
- Adkisson’s Blog
- Choates Notes
- DealBook
- Executive Suite
- FindLaw Legal Resources
- Forbes Tax
- Long or Short Capital
- Nolo Press
- Politico
- Portfolio.com
- Quatloos
- RCLIM.COM - ATTORNEY PROFILE
- RCLIM.COM - CONTACT
- RCLIM.COM - GLOSSARY
- RCLIM.COM - HOME
- RCLIM.COM - PRACTICE AREAS
- RCLIM.COM - PRACTICE OVERVIEW
- Small Wars Journal
- State Tax Link Resources
- Stratfor
- The Big Picture
- The Note