The Tax Policy Center of the Urban Institute and the Brookings Institution, has released estimates on gross estate and net estate tax distribution for 2010 based on a $3.5 million exemption and 45 percent rate, and a $5 million exemption for inflation...

Chuck O'Toole of Tax Analysts reports: The House Ways and Means Committee will likely approve renewals of the full set of so-called tax extenders, panel Chair Charles B. Rangel, D-N.Y., told reporters November 19. Rangel said he was embarrassed not...

The Heritage Foundation has published "Estate Tax a Killer for Family-Owned Businesses and Their Workers," by Curtis S. Dubay.  In his article Dubay argues: "The death tax is a drag on America's family-owned businesses, destroys jobs, and lowers...

In PLR 200947003, the IRS granted an individual an extension to allocate his available GST exemption to transfers to several trusts based on the gift tax values of those transfers.  The IRS also ruled that under section 2632(e), the individual's wife's...

The IRS announced today that interest rates for the calendar quarter beginning January 1, 2010, will remain the same.  The rates will be: Four (4) percent for overpayments; Four (4) percent for underpayments; Six (6) percent for large corporate...