By Ronald D. Aucutt, Bessemer Trust

Past President Ronald D. Aucutt offers unique insights into the legislative process behind estate tax reform and related transfer tax deliberations of the United States Congress and administrative developments at the Treasury and IRS.

Capital Letter No. 52 - Greenbook Includes Deemed Realization

The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals includes some details, but not a full explanation, of the Administration’s proposal to tax unrealized appreciation at the time of gifts, death, and other occasions.