Surviving spouses have a new tax saving tool

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Summary of Rev.Proc. 2014-18 This revenue procedure provides a simplified method for certain taxpayers with spouse deceased in the last three years to obtain an extension of time under § 301.9100-3 of the Procedure and Administration Regulations to make a “portability” election under § 2010(c)(5)(A) of the Internal Revenue Code (Code), by which a decedent’s […]