November 25, 2019

Final regs. eliminate estate and gift tax clawback


The IRS issued final regulations that reconcile the current higher exclusion for the estate and gift tax unified credit amount in effect under the law known as the Tax Cuts and Jobs Act with the lower unified credit, which is scheduled to go into effect in 2026, eliminating a possible future clawback of the higher exclusion amount.
Source: The Tax Adviser

Tagged:
[mapsmarker marker="1"]

YEAR ROUND ACCOUNTING SERVICES

Big or small, we’ve got a solution when you need it. Our tailored accounting services and outstanding team provide step-by-step support and outstanding customer satisfaction.