Opting out of the Portability Election. There are two ways to opt out of the portability election. First, the temporary regulations require the executor of an estate of a decedent with a surviving ...

Under the new procedure, the executor of the decedent’s estate may elect for portability of the DSUE to a surviving spouse if: (1) the decedent died after Dec. 31, 2010, (2) the decedent was a citizen ...

On June 9, the IRS issued Rev. Proc. 2017-34, 2017-26 IRB, which ­provides a more liberal timeframe for certain estates to make the federal estate tax portability election. The additional time is only ...

In our last post we discussed what estate tax portability, made permanent by the American Tax Relief Act of 2012, does. This post gives an overview of what executors must do in order to elect ...

One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability. When one of the spouses dies, the surviving spouse can make a ...

The IRS issued temporary regulations on how to elect to use a deceased spouse’s unused exclusion from estate taxes, also known as the portability election (T.D. 9593). The rules apply to married ...

The IRS recently enacted Rev. Proc. 2017-34, which provides a permanent simplified method for certain estates to obtain an extension of time to elect portability. In 2011 “portability” was introduced, ...

The IRS issued guidance permitting certain estates an extension of time to make a portability election (Rev. Proc. 2017-34). A portability election allows a decedent’s unused exclusion amount ...

The Internal Revenue Service has extended the deadline to file estate tax returns and make a portability election to benefit the surviving spouses of married individuals who died during the first six ...

The Internal Revenue Service has released a revenue procedure that offers an easier way to get an extension of time to file a return to opt for portability of the deceased spousal unused exclusion ...