For the past decade or so, the lifetime exemption for the federal estate tax has been high enough that few people have needed to worry about estate tax at all. As of 2023, the unified exemption for gifts and estates is $12.92 million. Considering that taxpayers also have access to gifts ...
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Thus, for example, placing $10 million worth of assets inside a closely held entity might reduce the value of the estate by $2.5 million to $4.5 million and, given the current 40% estate tax rate, reduce the estate tax payable by $1 million to $1.8 million. Generally, the proposed reg...
Agency has dramatically low- ered its estimate of how much of a potent heat-trapping gas leaks during natural gas pro- duction, in a shift with major implications for a debate that has divided environmental- ists: Does the recent boom in fracking help or hurt the fight against climate ...
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