Estate and GST Tax Repeal – Action May Be Required
The following letter was recently distributed to clients and friends of Cole Schotz: Dear Clients and Friends: Due to Congressional inaction in the final weeks of 2009, the Federal estate tax has...
View ArticleSweeping New Tax Legislation Signed Into Law
The following letter was recently distributed to clients and friends of Cole Schotz: Dear Clients and Friends: On December 17, 2010, President Obama signed into law sweeping new tax legislation that...
View ArticleImportant Estate Tax Provisions in President Obama’s 2012 Budget Proposal
For those people who thought there would be a lull in proposed estate/gift tax legislation as a result of the sweeping 2010 tax law, that is not the case. President Obama’s 2012 budget proposal...
View ArticleBill Introduced to Repeal Estate and GST Taxes
On March 30, 2011, a few members of the House Ways and Means Committee (Kevin Brady, R-Texas, joined by Mike Ross, D-Arkansas, Kristi Noem, D-South Dakota, Dan Boren, D-Oklahoma and Devin Nunes,...
View ArticleImportant Inflation Adjustments in 2012 to Applicable Exclusion And GST Amounts
On October 20, 2011, the IRS released Revenue Procedure 2011-52, which announced inflation adjustments to the applicable exclusion amount beginning in 2012. For an estate of any decedent dying during...
View Article2014 Estate And Gift Tax Update
The fiscal cliff drama heading into the start of 2013 fortunately was not repeated as the calendar turned to 2014. Having said that, as we now start 2014, it is important to highlight the following...
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