Paul L. Caron, Pepperdine University School of Law, and Jay A. Soled, Rutgers University, have made available for download their article entitled “New Prominence of Tax Basis in Estate Planning.” The abstract is as follows,
In this article, Caron and Soled discuss how section 1014(b)(6) offers a bridge for taxpayers to maximize the tax basis they have in their assets. Whether Congress should retain this anachronistic provision is an open issue. The authors explain the historical background of section 1014(b)(6), demonstrate the potential income tax savings from applying it, and outline several planning strategies to achieve those savings.
Find the full article for download here: New Prominence of Tax Basis in Estate Planning by Paul L. Caron, Jay A. Soled
Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal