It was automatically repealed at year end when Congress failed to pass legislation to extend the tax into 2010. So, people are now joking that this is a good time to help multi-millionaire parents die. The tax rate was 45%. It is now 0%. Estate-tax professionals anticipate that the tax will be reinstituted but, for now, it is gone.
Latest posts by Randall Holmgren (see all)
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- Estate-Tax “Portability” — Oasis or Mirage for Larger Estates? - March 19, 2015
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