Back in July I wrote about the tax effects of the DOMA decision, where I mentioned there are still some uncertainties out there such as how the IRS would respond. At the time of the decision, the IRS said it would “move swiftly to provide revised guidance in the near future.” Well today the IRS provided that […]
Archive | August, 2013
The Estate Planning Toolbox: Portability Election
15
Aug
With the passage of the American Taxpayer Relief Act of 2012, the portability election for the estate and gift tax exclusion became permanent. While portability was available in 2011 and 2012, it was not until 2013 that it became a permanent fixture and changed the estate planning landscape for married couples. The portability election can […]