The IRS has issued Revenue Procedure 2014-18, extending the time for certain taxpayers to make the portability election to December 31, 2014.
How does portability of a deceased spouse’s estate & gift tax exemption affect estate planning?
This week’s interview on Financial Insider Weekly is with attorney James V. Quillinan of Hopkins & Carley. Our interview subject is Our interview subject is "Estate planning with portability of a deceased spouse's federal estate and gift exemption amount".
How to remedy a prohibited transaction violation for Roths, IRAs, or retirement accounts
There is a procedure to "cure" a prohibited transaction, but it isn't easy. The procedure is to apply for an administrative exemption from the prohibited transaction provisions of ERISA.
Finally AMT exemption increased for 2010 (and 2011)
The Unemployment Insurance Reauthorization and Job Creation Act of 2010, passed by Congress on December 16, includes increased alternative minimum tax exemption amounts for 2010 and 2011.