• IRS publishes inflation-adjusted items for 2014—In Revenue Procedure 2013-35,1 the Internal Revenue Service set forth inflation-adjusted tax items for 2014. These inflation adjustments, which take effect on Jan. 1, 2014, include the following:   • For decedents dying in 2014, the basic exclusion amount for determining the amount of the unified credit against estate tax under Internal Revenue Code Section 2010 will be $5.34 million (up from $5.25 million). ...

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