For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS grants estate executors who want to claim portability up to 15 months after the decedent's death to file an estate tax return. Notice 2012-21 offers relief to estate executors who missed the deadline for filing for an automatic six-month extension to claim portability, but now want to take advantage of a deceased spouse's unused $5 million estate tax exclusion amount. The extension is likely to thrill taxpayers who were caught unaware by a new IRS portability filing requirement, practitioners tell Bloomberg BNA.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)