We strive to deliver the best value to our customers and ensure complete satisfaction for all our textbook rentals.
You can return your online books for any reason within our refund period – no questions asked.
Every order is available for express shipping, and return shipping is always free.
You'll be happy with the quality of your books (or we'll ship you another one on our dime).
You can extend your rental up to 14 days – at the same cheap daily rental rate.
If you decide to keep the book it will never cost more than the purchase price.
As always, you have access to over 5 million titles. Plus, you can choose from 5 rental periods, so you only pay for what you’ll use. And if you ever run into trouble, our top-notch U.S. based Customer Service team is ready to help by email, chat or phone.
Supplemental materials are not guaranteed for used textbooks or rentals (access codes, DVDs, workbooks).
Guide to Electing Out of the 2010 Estate Tax (And Into Modified Carryover Basis)
by:Michael J. Jones
Supplement No. 1 to the Guide is now available. It’s a free download available at www.thompsonjones.com. It summarizes IRS guidance, and offers a formula method to allocate Basis Increase. This Guide will help attorneys, accountants, executors of estates and trustees understand what rules could apply to 2010 estates, how to apply them, get ahead of...
Supplement No. 1 to the Guide is now available. It’s a free download available at www.thompsonjones.com. It summarizes IRS guidance, and offers a formula method to allocate Basis Increase. This Guide will help attorneys, accountants, executors of estates and trustees understand what rules could apply to 2010 estates, how to apply them, get ahead of critical deadlines, and assess the 2010 decision. The 2010 decision is this: The U.S. Congress made the tax consequences of death in 2010 frighteningly complex by making executors decide which of two options would apply. Either: - The estate tax must be paid and the income tax basis of the estate’s assets will be equal to fair market value as of date of death, or - by election of the executor, the estate tax (and only the estate tax) will be avoided while the income tax basis of each estate asset will be the lesser of the decedent’s cost basis or fair market value as of date of death (a limited amount of basis increase may be had). But which is best? That depends on each situation, so a thorough understanding of each estate’s facts, familiarity with the intricacies of the new rules, and careful analysis are indispensible. Think the decision is simple for estates under $5 million? Not always. And there are other rules that come into play besides modified carryover basis, if the election out of the estate tax is made. The IRS announced it will give a “reasonable amount of time” to file the election, once the forms and guidance are published (neither has been released as of this writing). Some say that amount of time will be a mere 90 days. The IRS hasn’t said whether the time for making the election, once that time is set, may be extended. And in no event can the specially extended date for making “qualified” disclaimers be extended. The time to start analyzing is now. A lot is at stake, and there’s very little time. Praise for GUIDE TO ELECTING OUT OF THE 2010 ESTATE TAX “In Mike’s book, you’ll have all the relevant Code Sections at your fingertips and a superb checklist of key questions and their answers.” - Stephan R. Leimberg, Esq., CEO of Leimberg and Le Clair, Inc. and publisher of Leimberg Information Services®, Inc. at http://www.leimbergservices.com “The must-read for any practitioner advising clients on whether to elect out of the modified carryover basis. Mike nailed it he made the amorphous understandable. A great practitioner guide.” - Keith Schiller, Esq., author of Estate Planning At The Movies™ — Art of the Estate Tax Return
Since launching the first textbook rental site in 2006, BookRenter has never wavered from our mission to make education more affordable for all students. Every day, we focus on delivering students the best prices, the most flexible options, and the best service on earth. On March 13, 2012 BookRenter.com, Inc. formally changed its name to Rafter, Inc. We are still the same company and the same people, only our corporate name has changed.