We posted on March 22 that various Senators urged the IRS to make some changes to estate tax rules. We now have the first change.
Paul. Hope you are doing well. What is your take on the validity of this Ruling and the likelihood of a meaningful challenge to it?
I think the Rev. Rul. is valid. Unless something is included in an estate, it is hard to have a step-up.
Paul. Hope you are doing well. What is your take on the validity of this Ruling and the likelihood of a meaningful challenge to it?
I think the Rev. Rul. is valid. Unless something is included in an estate, it is hard to have a step-up.