ABA Section of Taxation Sends Letter to Congress: Reform of Federal Wealth Transfer Tax

On April 5, 2010, the American Bar Association Section of Taxation sent a letter to members of Congress urging them "to address the unusual status of the federal estate and generation-skipping transfer (GST) taxes in 2010 and 2011." In the letter, the ABA Section of Taxation identifies the unique problems caused by the suspension of the federal estate and GST taxes in 2010, provides specific examples to illustrate these problems, and asks that the situation "receive prompt congressional attention."

Posted by Wesley J. Bailey, Associate Editor, Wealth Strategies Journal.