“Death Tax” Expires, Extra Tax Planning Required
7 minutes read
The only certainties in life are Death & Taxes as the old saying goes. But thanks to the inaction of Congress, wealthy taxpayers have one less tax to pay in 2010. On the surface this should be a good thing, but unfortunately, it’s not that simple…
Tax planners across the country were certain that Congress would extend the Estate Tax–also known as the “Death Tax”–which was set to expire this year. The House acted, but the Senate did not. So for the first time since 1916 there is no estate tax,...