For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
Enactment of new estate tax law has not changed income tax issues or estate planning techniques, although it has changed the focus on which techniques are most appropriate, several estate tax attorneys say in a BNA Tax and Accounting seminar. Executors now have the ability to make $5 million in taxable gifts without any estate tax, says Jerome Hesch, of counsel with Carlton Fields in Miami. For instance, it may have been advantageous for a client with a certain net worth to engage in a grantor retained annuity trust or an installment sale prior to the passage of the Tax Relief Act of 2011, but a simple outright gift might now be better, he adds. Hesch also says the way the law now stands there is no clawback tax obligation for people who make gifts in 2011 and 2012 that exceed their post-2012 estate tax exemption allowance. If a client makes a $5 million taxable gift there will be no further tax on that $5 million, even if rates go up and the unified credit goes down, he says.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)