On June 16, 2015, the IRS released the final regulations pertaining the Portability. The most important issue is confirmation that late corrective elections are available for gross estates under the basic exclusion amount and not available for gross estates exceeding the exclusion.
If you have clients (or prospective clients) with sizable income from interest, dividends, rents, capital gains or royalties, you can become a “hero” and their most talked-about advisor.
The IRS has now issued its Final Regulations, effective June 12, 2015, and it appears that this new tax is far more complex than originally thought.
To help you navigate through this maze and to understand how you should be advising your clients on the issue of Portability now that the final regs have been issued, we have enlisted the help of nationally renowned CPA and tax expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA.
He has put together a very special and very timely briefing entitled “Portability Under the Final Regulations: A 30-Minute Instant Briefing”. You will receive an audio recording of the 30-minute briefing, along with over 100 pages of handout materials, including a copy of the final regs, to help you and your practice. >>MORE INFO
Below is a link to a new 60-second podcast on the final regulations, available to you by Robert Keebler and Leimberg Information Services, Inc. (LISI).