IRS Revenue Procedure Confirms IRS Will Respect QTIP Elections When Portability Elections Also Made

IRS Revenue Procedure Confirms IRS Will Respect QTIP Elections When Portability Elections Also Made The IRS resolved an important issue when it issued Revenue Procedure 2016-49, effective September 27, 2016, clarifying that the IRS would not disregard qualified terminable interest property (QTIP) elections for estates that also made a portability election. View Full Post
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