Quote:
Originally Posted by zetta
The lawyer said that he had heard that senators are leaning toward quietly letting the $3.5 M exclusion expire after 2010 because the government needs the tax money. So he is advising new clients to set up things with the assumption that the law will revert to the $1M exclusion in 2011, and we'll revisit it when Congress does.
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I don't agree with this view, professionally.
But we will see! (I certainly wouldn't bet on anything, either way.
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