Joshua Tree Enterprises

Sign Up for Newsletter

About this Entry

This page contains a single entry by Associate Editor published on October 28, 2011 2:11 PM.

IRS Releases Publication for Tax Treatment of Section 1022 Property Acquired from 2010 Decedent was the previous entry in this blog.

Public Demand for Economic Growth Makes Tax Reform Policy Integral for 2012 GOP Candidates is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Super Committee May Target Gift Tax For Deficit Reduction

TrackBacks (0)

The Joint Committee on Deficit Reduction (also known as the Super Committee) is charged with reducing the current deficit by $1.5 trillion by both cutting the budget and raising revenue. One plan that some speculate the committee will implement is to reduce the threshold for the estate and GST tax to $3.5 million and $1 million for the gift tax. As a result, Dave Berek of Handler Thayer, LLP urges families to do their tax planning now given the uncertainty and potential changes that are coming in the near future.

See Handler Thayer, LLP, "LEGISLATIVE RISK - Super Committee Warrants Immediate Consideration of Your Long Term and Short Term Estate Planning By Year End," (Oct. 27, 2011).

Posted by Adam Bair, Associate Editor, Wealth Strategies Journal

0 TrackBacks

Listed below are links to blogs that reference this entry: Super Committee May Target Gift Tax For Deficit Reduction.

TrackBack URL for this entry: