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Month: June 2017

New Simplified Method for Late DSUE Election

June 12, 2017 by Pete Finch
Copeland Buhl
The IRS has recently released Revenue Procedure 2017-34 (effective 6/9/2017) to provide a permanent simplified method for estates to make an election to pass the Deceased Spouse’s Unused Exemption (DSUE) to the surviving spouse (aka the estate tax portability election). BACKGROUND IRC Section 2010(c)(5)(A) provides that for a DSUE election...
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