Pay Now, Die Later
Joel S. Newman
Wake Forest University - School of Law
Tax Notes, Vol. 80, No. 6, 1998
Wake Forest Univ. Legal Studies Paper No. 1086118
The story of the enactment of Internal Revenue Code Section 685, which facilitates separate taxation of pre-need funeral trusts. The enactment of Section 685 was a mistake. it stems from the failure of Congress, and especially the staffs of the tax-writing committees, to understand what was truly at stake.
Number of Pages in PDF File: 6
Keywords: taxation, funerals, trusts
JEL Classification: H24
Date posted: January 22, 2008
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