Reader comment on: The American Eagle Estate Tax Tactic
Submitted by DLN (United States), Apr 24, 2013 18:11
In Rev. Rul. 78-360, 1978-2 C.B. 228 the IRS has ruled that the fair value of a coin is the higher of its stated monetary value or its value as property in determining the taxable value of a decedent's estate. Sorry, but once gold coins are reported at an obviously lower value, this is likely to draw an audit (a higher percentage of estate tax returns are audited than audits of individual income tax returns).
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