The IRS announced the 2015 annual exclusion amount will rise to $5,430,000. The continued rise of the annual exclusion has made U.S. taxpayers shift their focus from estate tax planning to income tax planning. At the heart of that planning is cost basis management. If applied correctly, cost basis management could be an excellent tax saving tool. To continue reading our Senior Trust Accountant’s, Brandon Gingery’s, full article on the topic of Step It Up for Step-Up in Basis please click the following graphic below.