Reform or Repeal the Transfer Tax System?

¹Taxes, which included more than 30 Dennis I. Belcher chaired the Task Force on Federal Wealth Transfer participants. Mary Louise Fellows served as the task force’s reporter and the report’s primary author. AICPA Tax Section members Evelyn Capassakis, Annette Nellen and Roby B. Sawyers served on the Task Force. The report is available at https://www.cpa2biz.com/ResourceCenters/Tax/Estate%2c+Gift%2c+Trust%2c+Fiduciary/TransferTaxReport.htm. Questions and comments should be addressed to roby_sawyers@ncsu.edu.

² For a detailed discussion, see Godfrey, “The Phaseout of the Federal State Death Tax Credit,” Part I, 35 The Tax Adviser 96 (February 2004) and Part II, 35 The Tax Adviser 148 (March 2004).