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...
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced the concept of portability of the estate tax exemption for the first time, but that new benefit may have a hitch, John Olivieri, a partner with White & Case in New York, tells BNA July 25. Portability allows a surviving spouse's estate to use the portion of the estate tax exemption that was not used upon the death of the first spouse. However, if the surviving spouse eventually remarries, the ability to use the deceased spouse's exemption may be lost.
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)