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Update - Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy | Winstead PC

Last month, the House Ways & Means Committee (the "Committee") approved draft legislation (the “Legislation”) as part of Congress' ongoing $3.5 trillion budget reconciliation process..

Gain recognized upon transfers to grantorTaxation upon termination of grantor trust statusElimination of grantor trustHouse budget committeeHouse ways means committee theHouse waysMeans committeeHouse reportGeneration skipping transferTax exclusionGrantor trust benefitsUpon terminationGrantor trustRecognized upon transfersValuation discountNonbusiness assets

Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy | Winstead PC

Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy | Winstead PC
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Taxation upon termination of grantor trust statusCommittee onElimination of grantor trustGain recognized upon sale to grantorHouse ways means committee theHouse waysMeans committeeGeneration skipping transferTax exclusionGrantor trust benefitsUpon terminationGrantor trustRecognized upon saleValuation discountNonbusiness assetsQualified small business stock exclusion

House Ways Reconciliation Bill for Trusts, Estates, and Wealthy

House Ways Reconciliation Bill for Trusts, Estates, and Wealthy
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