For many individuals and family-owned businesses, residential rentals and commercial properties are more than investments—they are legacies that can be passed down through generations. These ...

Inherited assets don’t have to incur added fees. Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.

Q. My sister, her husband, and I own an S Corporation with 25%, 25% and 50% ownership, respectively. The S Corporation invests in rental properties. My brother-in-law passed away earlier this year, so ...

Estate planners have been keeping their eyes on one of the more controversial tax proposals of the Biden administration: eliminating the step-up in basis on death. The basis step-up reduces or ...

The widow living on a comfortable-but-modest income who wants to give her children the Cape Cod house she inherited from her father decades ago. The octogenarian husband and wife who plan to bequeath ...

President Joe Biden’s American Families Plan suggests eliminating the step-up basis tax process. We should describe this proposal differently. What it actually entails is reimposing the death tax upon ...

I applaud former Sen. Max Baucus, a Democrat, for taking a stand against the disastrous plan to eliminate the step-up in basis at death on capital gains (“A Tax Plan to Destroy Farms and Ranches,” ...

A short grantor trust walks into a bar. After a few too many drinks he starts flirting with a pretty beneficiary, promising her a step up in his assets. But before he seals the deal, the bartender ...

Congress is heading into a heated debate about how much taxes should be raised to finance President Biden’s Build Back Better agenda. While pragmatic Democrats may not agree with every proposal being ...