With provisions of the 2001 Economic Growth and Tax Relief Reconciliation Act set to sunset in 2011 and mindful that without Congressional action 2010 will be a year without estate tax, many questions remain unanswered. However despite the uncertainty, planning remains crucial in effectuating the most tax and cost efficient transfer of wealth. Angela Beasley Phyfer and Chrissy M. Leggett discuss tax efficient planning alternatives available in the current environment.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products