Reforming the Gift Tax and Making it Enforceable
Hofstra University - School of Law
Jay A. Soled
August 1, 2007
87 Boston University Law Review, &59 (2007)
Hofstra Univ. Legal Studies Research Paper No. 07-17
Historically, the gift tax has performed the admirable role of safeguarding the integrities of both the estate and income taxes. Due to taxpayers' abilities to narrow the gift tax base and ignore their filing obligations, however, fulfillment of its historical role is now in jeopardy. This analysis details how taxpayers circumvent their gift tax obligations and then sets forth reforms that Congress can readily institute to curb taxpayers' transgressions. Institution of these recommendations would enable the gift tax to continue to fulfill its historic functions.
Number of Pages in PDF File: 44
Keywords: gift tax, GRAT, Qprt, 2036, retained interest, integrity of the tax based, enforcement, tax gapAccepted Paper Series
Date posted: May 2, 2007 ; Last revised: August 2, 2014
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