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Treasury’s “Greenbook” gets attention by proposing broad changes to the estate tax treatment of grantor trusts.
Form 8939, involving carryover basis and the GST exemption, is due January 17, and a few unexpected quirks warrant last minute reminders and warnings.
An extra base hit of carryover basis guidance dominated August, although it was not quite a home run. But a couple of GST tax issues made it home, and portability is on deck.
Do the debt ceiling and estate tax have anything in common?