March 3rd, 2010

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Attorney Urges Congress to Repeal Carryover Basis Rule

In response to congressional inaction regarding the estate tax prior to the end of 2009, attorney Conrad Teitell has written Senate Finance Committee leaders urging them to retroactively repeal another component of EGTRA, which imposes carryover basis rules on inheritances during 2010.
Subject: Estate Tax — First Bipartisan Step
Chairman Baucus and Ranking Member Grassley:
While there is a stalemate over [...]

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