Tax Notes Quotes Beth Kaufman on GRATs
The IRS appeared to miscalculate on a recent revenue ruling, but the Service maintains otherwise.
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The section 7520 rate has ranged from a peak of 11.6 percent in May 1989 to 1 percent, most recently in January 2013.
“I’m already talking to clients about what I am calling ‘May Day GRATs!’” Kaufman said.
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