Estate tax study.
This study confirms that significant reform of the U.S. transfer tax system is appropriate and should be undertaken as quickly as possible. The study identified a number of significant issues and makes substantive suggestions that the AICPA hopes legislators will consider in crafting proposals.
The Study offers suggestions on each of the alternatives not as a matter of ideology or social policy, but as a result of the AICPA's collective judgment as to the best way to achieve simplicity, reduce taxpayer compliance burdens, improve ease of administration and address revenue considerations for the overall tax system.
The Study, including an executive summary, is available on the AICPA website at www.aicpa.org/members/ div/tax/index.htm; see also DC Currents, p. 333, this issue.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||AICPA Study on Reform of the Estate and Gift Tax System|
|Author:||Laffie, Lesli S.|
|Publication:||The Tax Adviser|
|Date:||May 1, 2001|
|Previous Article:||"Homemade" income tax forms may constitute valid returns.|
|Next Article:||E-filing security.|