Widows And Widowers Now Receive More Flexibility When Making Late Portability Elections by Sarah Gaymon, CPA
Posted on July 13, 2022 by Sarah Gaymon
On July 8, 2022, the IRS released Revenue Procedure 2022-32, which provides a simpler method for estates with widows or widowers to elect portability of the deceased spousal unused exclusion (DSUE). When a spouse dies with unused lifetime gift and estate-tax exclusion amounts, it is often a decision for the executor and the widow or […]