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| | IRS Proposes to Amend Estate and Gift Tax Basic Exclusion Regs. (JofA) - The IRS issued proposed regulations Tuesday (REG-118913-21) that would provide an exception to the anti-"clawback" special rule that preserves the benefits of the temporarily higher gift and estate basic exclusion amount...
| US Home Prices Rose by Nearly 20% Year-over-year in February (CNN Money) - Phoenix, Tampa and Miami reported the highest year-over-year gains among the 20 US cities tracked by the index. Phoenix led the way for the 33rd consecutive month with home prices rising 32.9% from the year before. It was followed by Tampa and Miami, which saw 32.6% and 29.7% gains, respectively.
| Will Working From Home Cripple City Budgets? (Forbes) - The pandemic has led to increased working from home for some who formerly commuted to central city offices, and a new study says that could hurt city tax revenues.
| GM to Make Electric Corvette to Challenge the Tesla Roadster (The Driven) - US car giant General Motors has confirmed it will produce an electrified Chevrolet Corvette next year, and could even reach the market around the same time as Teslaâs much anticipated electric Roadster II. âWe will have an electrified Corvette next year, so itâs coming very quick,â GM president told CNBC earlier this week.
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