portability

Steps to Take After a Spouse’s Death in North Carolina

Posted on: November 14th, 2016
A surviving spouse is often required to provide immediate attention to matters related to probate (much of which might be unfamiliar to them) even as they process and adjust to their loss and grief. ...

Portability Deadline Weeks Away for Estate Tax Exclusion

Posted on: December 11th, 2014
For estates of decedents who died in 2011 or 2012, the chance to elect portability of the decedent’s estate tax exemption will expire on December 31, 2014....

Tax Planning for 2015

Posted on: March 20th, 2014
Retirement accounts, estate plans, and trusts may be impacted by possible federal tax law changes next year in 2015. While the current configuration of Congress makes these changes unlikely, reviewing possible future changes can help individuals make effective planning decisions now....

What Happened to the Estate Tax Exclusion Portability Deadline?

Posted on: February 5th, 2014
Estates who have not yet filed a federal estate tax return (IRS Form 706) electing portability now have a new deadline to file election of portability. ...

IRS Procedure for Requesting Extension for Late 706

Posted on: February 12th, 2012
Beginning in January 1, 2011, the Internal Revenue Code provides for portability of the estate tax exemption between spouses. According to issued guidance so far from the IRS (Notice 2011-82 and IR-2011-97), ...
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