Estate tax

In This Week’s Tax News – 17.11.17

Topics: COLI/BOLI, Congress, Estate tax, NQDC, Tax reform

By Chris Morton, Armstrong Robinson, and David Hollingsworth Friday, 17 November 2017 Don’t Forget Tune in Tuesday, November 21 at 11am Eastern for the next installment in our webinar series on this topic. Missed today’s webinar? Click here for the recording. Republicans continued to meet their deadlines for tax reform. However, a number of issues…

In This Week’s Tax News – 17.10.13

Topics: Congress, Estate tax, Tax reform

Friday, 13 October 2017 Decoding Tax Reform: Advising the Advisor Weekly Update Republicans continued to hash out the details of tax reform this week. Ways and Means Chairman Kevin Brady (R-TX) held a ‘mini-retreat’ with Republicans on his committee yesterday. Intel says the Chairman and staff are walking the members through their options for filling…

IRS May Re-Examine Estate Tax Return of Predeceased Spouse to Determine Correct DSUE Amount at Surviving Spouse’s Death

Topics: Estate planning, Estate tax, IRS, Regulation

In Estate of Sower v. Commissioner, the Tax Court held that, despite issuance of a closing letter for the predeceased spouse’s estate, the IRS retained authority to re-examine the predeceased spouse’s estate tax return for the purpose of determining the correct deceased spousal unused exclusion (DSUE) amount available to the surviving spouse’s estate.