The Generation Skipping Transfer Tax (GSTT) has been repealed for calendar year 2010. But rather than creating a climate of certainty, it has sowed a climate of radical uncertainty about the repeal?s ...

The One Big Beautiful Bill (OBBB), which passed on July 3 and is expected to be signed by President Donald Trump by July 4, increases the amount individuals may transfer for federal estate, gift, and ...

Under new final regulations, effective for relief filed on or after May 6, 2024, clients can request a private letter ruling (PLR) to correct past mistakes in GST exemption allocations and elections.

Every week, Allworth Financial's Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

Deborah V. Dunn, partner, and Mary L. Kaczmarek, associate, Kirkland & Ellis LLP, Chicago Under Internal Revenue Code Section 2642(f)(1), the grantor of a trust cannot effectively allocate ...

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax. As the national ...

The American Institute of CPAs asked officials in the Treasury Department and the Internal Revenue Service for changes in the final regulations governing generation-skipping transfer tax exemptions.

THE 2001 ACT DID NOT ELIMINATE THE GIFT TAX. That means CPAs and their clients still face compliance issues when preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) ...