Knowledge promotes understanding . . . understanding breeds creativity. . . .
By: Doug H. Moy
Consulting Specialist in Estate and Gift Taxation and Planning Member, National Association of Tax Professionals (NATP)
2010 Transfer Tax Update
In view of the unprecedented confusion brought about in the waning hours of the 1st Session of the 101st Congress, this issue of ESTATE WISE PLANNING™ addresses the state-of-affairs, so-to-speak, of the transfer tax system for the year 2010, assuming Senator Max Baucus, D-Montana and Chairman of the Senate Finance Committee, is unsuccessful in convincing his rancorous colleagues to retroactively reinstate the federal estate and generation-skipping transfer taxes to estates of decedents dying after December 31, 2009.