Timing of transfers is just one technique to avoid the generation-skipping tax

Article Abstract:

The Tax Reform Act of 1986 broadens the scope of the generation-skipping tax to cover almost all property transfers to beneficiaries more than one generation below the transferor, and increases the rate of tax to the maximum Federal estate tax rate. Transactions now subject to the generation-skipping tax are discussed, and considerations for limiting the effect of the tax are presented. Individuals with even moderate estates can find the new law costly, and should consider alternate options.

Analysis, Generation-skipping transfer tax

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Tax termination of a partnership can be controlled to meet needs of the partners

Article Abstract:

Events which can terminate a partnership for Federal tax purposes, and the tax consequences of partnership termination are discussed. Transactions involving a transfer in or a shift of partnership interests should be planned with care in order to avoid any adverse tax impact.

Taxation, Partnership, Partnerships

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