Skip navigation

Tax Law Update

Inflation adjustments published The Internal Revenue Service published the 2012 inflation adjustments in Revenue Procedure 2011-52. The unified credit against estate tax under Internal Revenue Code Section 2010 was adjusted from $5 million to $5.12 million for 2012. Under the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the lifetime gift tax exemption and generation-skipping
Resources

  • Inflation adjustments published — The Internal Revenue Service published the 2012 inflation adjustments in Revenue Procedure 2011-52. The unified credit against estate tax under Internal Revenue Code Section 2010 was adjusted from $5 million to $5.12 million for 2012. Under the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the lifetime gift tax exemption and generation-skipping transfer (GST) tax exemption are now tied to the estate tax

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish