What You Need to Know About the Final Estate Tax Portability Rules
Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. [...]
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08, 2015
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07, 2015
IRS Announcement: Estate Tax Closing Letters Will Now Only Be Issued Upon Request
Due to the increased volume of federal estate tax return filings in order to make the “portability election,” the IRS [...]
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07, 2015
5 Most Expensive States for Retirees in 2015
While there are many factors to consider when choosing the place where you will retire, the ones that will impact [...]
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06, 2015
Federal and State Death Tax Updates
Death taxes are back in the news at the federal level as well as in Delaware and Minnesota. What Happened [...]
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04, 2015
Death Tax Repeal Act Introduced in House and Senate
Identical bills have been introduced in the U.S. House and Senate that would permanently repeal the federal estate tax and [...]
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03, 2015
When is an Estate Subject to State Death Taxes?
In the United States, certain states collect a death tax based on the value of the deceased person’s estate and [...]
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02, 2015
Five Things You Need to Know About the Recently Enacted ABLE Act
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE [...]
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02, 2015
Five Changes Proposed in President Obama’s 2016 Budget That Could Affect Your Estate Plan
The Obama administration recently released its budget proposal for the 2016 fiscal year. As in past years, this budget proposes [...]
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11, 2014
Year End Estate Planning Tip #5 – Make Gifts that Your Family Will Love but the IRS Won’t Tax
Don’t let the chaos of the holiday season prevent you from avoiding federal gift tax by making “annual exclusion” gifts, [...]
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11, 2014
What the 2015 Inflation Adjustments for the Estate Tax Exemption and Trust Income Tax Brackets Mean for You
The Internal Revenue Service has released the official inflation adjustments that will affect 2015 federal reporting for estate taxes, gift [...]