Prof. Bridget Crawford discusses estate taxes in The New York Times article, “Certainty on Tax, but Just for Two Years”.

Prof. CrawfordThe New York Times story, “Certainty on Tax, but Just for Two Years.”  A new tax law enacted by Congress provides tax breaks on income, gifts, and estates for individuals of significant net worth.  A key feature of the law is portability, which allows a surviving spouse to use the tax breaks of his or her deceased spouse, even if no will is left.

Says Prof. Crawford, “to qualify for portability, you have to promptly file an estate tax return no matter how little the first spouse had.”

Read the entire article here.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to toolbar