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Posts Tagged ‘“Estate Tax Return”’

Basis Consistency is here; Form 8971 Reporting Requirements are Fast Approaching

Published: February 23rd, 2016

On July 31, 2015, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Act”) was signed into law. Sections 2004 and 2005 of the Act included a number of new tax provisions requiring consistent basis reporting between an estate and persons acquiring property from a decedent. These provisions were made effective […]

Portability of Estate Tax Exemptions: General Rules

Trust and Estate Attorney Orlando
Published: January 17th, 2011

By: Matthew J. Ahearn

We waited a long time, many would say too long, for estate tax legislation, and when it arrived in December, 2010, it provided some surprises. Perhaps the most significant surprise is the addition of portability of estate and gift tax exemptions between spouses, which had been included in prior bills but was not anticipated to […]