• New revenue procedure provides method to obtain extension of time to make portability election for certain estates—Revenue Procedure 2014-18 describes the method for applying for an extension to elect portability for a decedent’s unused exclusion amount onForm 706. Under Internal Revenue Code Section 2010 and the temporary regulations issued in 2012 (Temporary Regulations Section 20.2010-2T), a portability election is effective only if made on a Form 706 ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.