Tax Notes Article by Jennifer Carr, "Treasury official provides update on estate update on estate tax guidance, says portability issues are next"

Treasury and the IRS have nearly completed guidance on the section 1022 modified carryover basis regime, and the department's next focus in the estate and gift tax area will likely be exemption portability issues, Catherine Hughes, attorney-adviser in Treasury's Office of Tax Legislative Counsel, said May 6.

2011 TNT 89-35

Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal