The Tax Relief Act of 2010 and its Estate Tax Ramifications
This month’s topic of the Month considers the estate tax issues of the new tax legislation that was passed late 2010. This paper looks at the changes made to the Estate Tax, Gift Tax and Generation-Skipping Transfer tax. Cathedral believes that every small business should have an exit strategy, and one aspect of that strategy should incorporate how to deal with taxation, both income tax and estate tax.
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