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Will they slash the gift tax exclusion next week?

Rumors are flying around that the “Supercommittee” will slash the lifetime gift tax exclusion from $5 million to $1 million effective November 23, as Paul Singleton notes. Should we panic? I doubt the...

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Will there be a Supercommittee deal?

It’s not looking that way. Joe Thorndike of Tax Analysts: The smart money isn’t always right, but when it comes to the so-called supercommittee, it’s made a safe bet. With a week to go, the panel seems...

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