6 Pages Posted: 22 Jan 2008
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: 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: https://ssrn.com/abstract=1086118