6 PAGES, MASTERS, 48 HRS

Number of sources: 1

Dead-line: 4 days remaining (11/3/2013 at 0:42)

Topic: Estate Tax

Type of document: Research Paper

Academic Level:Master

Number of Pages: 4 (Double Spaced)

Category:   Accounting

Language Style: English (U.S.)

Writing Style: APA

Order Instructions: THIS IS A MASTERS LEVEL PAPER, IT SHOULD BE WRITTEN AS SO

Death and taxes are two (2) certainties that we can plan for in life. The IRS is still able to tax us in death 
using the estate tax rules as legislated by congress. For this paper, you will be required to respond to the 
following scenario:
A wealthy couple has hired you to advise them on protecting their estate from taxes upon death. They 
own a farm and several businesses that they would like to pass on to their three (3) children. 
Using the Internet or Strayer Library, research the IRS’s current level of interest and audits conducted 
related to estate taxes and proposed changes to legislation related to estate taxes. 
Write a six to eight (6-8) page paper in which you:
1. Based on your research related to the current level of interest of the IRS related to estate taxes, 
assess how this information may factor into your advice and level of aggressiveness with tax 
minimization related to estate taxes and planning for your clients. Provide support for your 
position. 
2. Based on your review of the recent or current legislative proposals related to estate taxes, 
evaluate the proposal you believe to be most viable. Indicate how such a change may be 
implemented into the tax law. Provide support for your rationale. 
3. Research the impact of estate taxes on a taxpayer’s ability to transfer wealth to their children and 
tax planning tools used to minimize estate taxes. Indicate the effectiveness of these tools. 
4. Propose a strategy to your client to mitigate or eliminate estate taxes and transfer as much wealth 
as possible to their children within the current estate tax laws and given level of IRS interest in 
this area. 
5. Evaluate and discuss which estate tax provisions would most likely be abused by taxpayers and 
elevate the potential risk of an IRS audit. Provide support for your position. 
6. Imagine that you are appointed by Congress to simplify the estate tax code related to estate 
taxes. Suggest changes that would be fair to both taxpayers and the federal treasury, indicating 
how such taxes would be implemented.
Your assignment must follow these formatting requirements:
? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all 
sides; citations and references must follow APA or school-specific format. Check with your 
professor for any additional instructions.
? Include a cover page containing the title of the assignment, the student’s name, the professor’s 
name, the course title, and the date. The cover page and the reference page are not included in 
the required assignment page length.