Thoughts and musings from my desk to you.
Tax Loophole
Step-up in Basis Rule, Tax StrategyThere’s much wisdom in exercising caution when stirring up things long undisturbed. Politicians often run amok in efforts to garner “points” with their constituents. In this case, Mr. Biden ought to have let sleeping dogs lie. His recent attempt to discard the Step-up in Basis Rule, a popular tax loophole, was met with understandable resistance, and he has since relented.
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Death and Taxes
Step-up in Basis Rule, Tax StrategyEverybody has heard the old saying that nothing is certain in life except death and taxes. But not everyone knows how death and taxes are inextricably linked.
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