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This page contains a single entry by Associate Editor published on December 16, 2009 5:53 PM.

Senior Estate Tax Officer Gives Advice on Avoiding Audit was the previous entry in this blog.

The Estate Tax: It's the Rate, Not the Exclusion That Counts is the next entry in this blog.

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Senate Will Try to Retroactively Extend the Estate Tax Next Year

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Associate Editor
on December 16, 2009 TrackBacks (0) Comments (0)

The Wall Street Journal reports:

Senate Finance Committee Chairman Max Baucus (D., Mont.) said he will try early next year to pass legislation ensuring no lapse in the estate tax, after Republicans blocked another effort to extend the tax for a three-month period.

Democrats had sought to extend the tax at its current, 2009 levels, but it now appears likely the tax will be repealed as scheduled Jan. 1. Mr. Baucus said he will try to move legislation early in 2010 that ensures that there won't be a window where wealthy estate owners who die will escape the tax.

See Also: Bloomberg

Posted by Marc Patterson, Associate Editor, Wealth Strategies Journal.

 

 

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