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The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.
September 15 -
While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.
September 13 -
The 8th Earl Cadogan, will use most of the proceeds of his family’s real estate business from the past decade to settle a U.K. tax charge.
July 9 -
The Biden administration’s proposal to dramatically expand the inheritance tax bill for wealthy Americans is running into some headwinds with Democrats on Capitol Hill, showcasing nervousness about the scope and size of elements of the White House’s ambitious tax plans.
May 20 -
Any changes to inheritance tax would feed into the broader upheaval that is coming to taxation in the world’s major economies.
May 11 -
The Senate Republican leader ripped the president's plan to end a tax break that lets the richest Americans transfer much of their wealth tax-free at death.
May 7 -
The estate of the late singer prevailed on the valuation of his name and likeness and the taxes owed to the IRS in a long-awaited Tax Court ruling.
May 4 -
Congress estimates that the rule currently costs the government about $43 billion a year.
May 4 -
President Biden’s American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes on capital gains.
April 29 -
The heirs of billionaire Heinz Hermann Thiele may owe German authorities more than 5 billion euros ($6 billion) in inheritance taxes, potentially the largest such bill in the country’s history, according to ManagerMagazin.
April 22