Summary
Benjamin Franklin reminds us that, "In this world nothing can be said to be certain, except death and taxes." Congress is certainly about to change taxes once again including "death" taxes.
Congress is considering a trailer bill to extend a number of expired income-tax provisions and make other potential income-tax changes. In addition, the House just passed The Permanent Estate Tax Reform Bill of 2006 aimed at making significant changes in death taxes, more technically known as estate, gift and generation- skipping taxes. However, the proposed death-tax legislation rejects outright repeal of the Federal Estate Tax.See the full content of this document
Extract
Tax Changes for 2006 and Beyond
The income tax trailer bill is likely to include extensions of the following tax provisions for 2006 and beyond: The teacher's $250 class...
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