Just when is the DSUE amount available to a surviving spouse or the estate of a surviving spouse for use in determining the surviving spouse’s applicable exclusion amount? Rule. The temporary ...

Recent blog posts discussed how the temporary portability regulations addressed several issues involved with making a valid portability election. This post discusses the temporary regulations’ rules ...

The Tax Cuts and Jobs Act (TCJA) increased the federal estate tax exemption, which is currently $11.58 million per person. This increased exemption amount is due to sunset in 2026 and revert to the ...

One of the helpful provisions recently added to federal estate tax law allows a surviving spouse to use any “leftover” or “unused” federal estate tax exclusion amount of a deceased spouse. The federal ...

A recent Tax Court case serves as a warning for taxpayers attempting to use portability to claim a first-to-die spouse's remaining estate tax exemption amount. While the rules governing portability ...

The Tax Court held that the IRS acted within its authority when examining the estate tax return of a predeceased spouse to determine the correct deceased spousal unused exclusion (DSUE) amount of the ...

The Tax Court denied an estate’s claim of a deceased spousal unused exemption (DSUE) amount, holding that the decedent’s predeceased spouse’s estate did not make a valid portability election (i.e., an ...

On Sept. 27, 2016, the Internal Revenue Service released Revenue Procedure 2016-49, providing new procedures for and limitations on treating as null and void a qualified terminable interest property ...

The Internal Revenue Service has released final regulations on the portability of a deceased spousal exclusion amount for surviving spouses facing estate and gift taxes. Processing Content The final ...

It’s mid-March, which, in the sports world, means picking winning teams for NCAA basketball tournament brackets and, in the estate-planning world, means preparing gift tax returns—an equally exciting ...