A recent tax court opinion (In re Estate of Caer) limited the tax credit for taxes paid an estate could take to that specified in Internal Revenue Code Section 2013 (b) and (c). The court also denied an untimely QTIP election in the same case.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.

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