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Tax Notes Quotes Beth Kaufman on GRATs
Caplin & Drysdale

Tax Notes Quotes Beth Kaufman on GRATs

Date: 4/21/2020

The IRS appeared to miscalculate on a recent revenue ruling, but the Service maintains otherwise.

. . .

The section 7520 rate has ranged from a peak of 11.6 percent in May 1989 to 1 percent, most recently in January 2013.

Beth Shapiro Kaufman of Caplin & Drysdale likewise noted that May is shaping up to be an especially advantageous time for tax planning, thanks in part to the low section 7520 rate.

“I’m already talking to clients about what I am calling ‘May Day GRATs!’” Kaufman said.

For the full article, please visit Tax Notes’ website (subscription required).

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