by Brian Hare, CPA, CGMA | Mar 8, 2018 | Estate Planning
If you’re planning on buying a home that you one day wish to pass on to your adult children, a joint purchase can reduce estate tax liability, provided the children have sufficient funds to finance their portion of the purchase. With the gift and estate tax exemption...
by Brian Hare, CPA, CGMA | Jul 16, 2017 | Tax
Last month, the IRS issued a Revenue Procedure that simplifies the Portability election extension. This allows certain estates to make a late portability election without first filing a ruling request. Portability is a tax law provision that permits a surviving spouse...
