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Late Portability Elections After the Expiration of Rev. Proc. 2014-18 Logo aicpa

  Jennifer Voigt, CPA, J.D. |   Free |   AICPA |   01 Oct 2016 |   Tax Adviser Magazine

Portability, or the ability of a surviving spouse to use a decedent's unused applicable exclusion amount for estate tax purposes, is a valuable tax benefit. But portability must be elected by the executor of the estate on a timely filed estate tax return. This article examines what relief is available when the election is not made timely.

Topics covered:
  • Personal financial planning: Technical: Estate planning: Portability, Intermediate