Course Description
Portability allows a surviving spouse to retain the deceased spouse’s unused estate and gift tax exemption. Given this year’s great political uncertainty, the portability election may be more important than ever before. Advisors must refresh their understanding of portability in order to help clients who may have an estate tax obligation unexpectedly thrust upon them.
During his webinar, Bob will cover the following topics:
• Portability basics
• The mathematics of portability
• Estate tax consequences of electing portability
• Income tax consequences of electing portability
• Rev. Proc. 2022-32 – late election relief
• 9100 relief for late portability elections
• Portability for IRAs
Learning Objectives:
Recall the basics and mathematics of portability
Identify the estate tax and income tax consequences of electing portability
Describe how 9100 relief may be used in situations of a missed tax election
During his webinar, Bob will cover the following topics:
• Portability basics
• The mathematics of portability
• Estate tax consequences of electing portability
• Income tax consequences of electing portability
• Rev. Proc. 2022-32 – late election relief
• 9100 relief for late portability elections
• Portability for IRAs
Learning Objectives:
Recall the basics and mathematics of portability
Identify the estate tax and income tax consequences of electing portability
Describe how 9100 relief may be used in situations of a missed tax election
Who Should Attend:
CPA
Enrolled Agent
Estate Planning