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Pay Now, Die Later

6 Pages Posted: 22 Jan 2008  

Joel S. Newman

Wake Forest University - School of Law


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.

Keywords: taxation, funerals, trusts

JEL Classification: H24

Suggested Citation

Newman, Joel S., Pay Now, Die Later. Tax Notes, Vol. 80, No. 6, 1998; Wake Forest Univ. Legal Studies Paper No. 1086118. Available at SSRN:

Joel S. Newman (Contact Author)

Wake Forest University - School of Law ( email )

P.O. Box 7206
Winston-Salem, NC 27109
United States

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