Planning at the Intersection of Income and Estate Taxes

January 21, 2014

The American
Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240, significantly increased the
federal estate tax exemption in 2014 to $5.34 million (adjusted for inflation)
and made permanent portability of the first-to-die spouse’s exemption. The
change means many families no longer have to worry about estate taxes. But
estate planners who have traditionally overlooked the income tax during
planning discussions now need to examine how that tax intersects with estate

Click here
to read Patricia’s complete article as it appears in CPA Insider.

Leave a Reply

Sign up for updates

We publish Client Alerts regularly on a variety of business topics of interest to our clients.  Please let us know if you’d like to be added to our mailing list.