JANuary 15, 2001
HEADLINES

ESTATE TALK
New Estate and Gift Tax Numbers for 2001
The IRS has released Rev. Proc. 2001-13, showing inflation adjustments to estate and gift tax exemption, exclusion, and limitation amounts for 2001.

HEALTH HAPPENINGS
High-Protein Diet Risky for Senior Women
Elderly women who get a much higher intake of their dietary protein from animal products rather than vegetables have an increased risk of bone loss and hip fracture, according to University of California (UCSF) researchers. 

LEGAL LINES
Gifts to Brother's Family Were Reciprocal Gifts 
The Tax Court recently ruled that transfers of stock by a decedent to his brother's family were actually indirect gifts of stock to his own children. 

MEDI-MINUTES
Medicare Changes Under Public Law 106-554
Part 2 of a Series: On December 21, 2000, President Clinton signed into law the Medicare, Medicaid and SCHIP Benefits Improvement and Protection Act of 2000, part of Public Law 106-554. 
 

Top Site Of The Week:


Gary Klott's Tax Planet
 

Book Of The Week:

The Elder Law Handbook : A Legal and Financial Survival Guide for Caregivers and Seniors



TAX TID-BITS
IRS Issues Corrections to Final GRAT/GRUT Regs
The IRS has issued corrections to final regulations on the definition of a qualified interest for grantor retained annuity trusts (GRATs) and grantor retained unitrusts (GRUTs). 
 
 


Visit our Portal