by Teddar S. Brooks | Jul 1, 2017 | Articles of Interest, Tax
IRS Rev. Proc. 23017-34 The IRS has now issued Rev. Proc. 23017-34, which grants a permanent automatic two year extension to file the Decedent’s Estate Tax Return (IRS Fm 706) to claim portability. The executor has to file a not otherwise required to be filed IRS Fm...
by Teddar S. Brooks | Sep 1, 2011 | Articles of Interest, Tax
Marraige Equity Act – New York State Tax The Marriage Equality Act was signed into law on June 24, 2011. The New York State Department of Taxation and Finance, Taxpayer Guidance Division has issued a technical memorandum on how the law applies to various New...
by Teddar S. Brooks | Jul 1, 2011 | Articles of Interest, Tax
P-TIN Required (TEdec Times, Summer 2011) New regulations now require (beginning Jan. 1, 2011) all paid tax return preparers (including attorneys, CPA’s and enrolled agents) have to apply for a Preparer Tax Identification Number (P-TIN), which must be included...
by Teddar S. Brooks | Jun 22, 2011 | Articles of Interest, Tax
Filing Requirements for New York State and Generation Skipping Transfer Tax (TEdec Times, Summer 2011) A Technical Memorandum TBS-M-11(1)M was issued by the Taxpayer Guidance Division of the New York State Department of Taxation and Finance regarding filing...
by Teddar S. Brooks | Mar 24, 2011 | Articles of Interest, Tax
The Perils of Portability (TEdec Times, Spring 2011) The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Act) Pub. L No. 111-12, 124 Stat. 32 96 provides for “portability” of the applicable exclusion amounts between spouses....
by Teddar S. Brooks | Jun 23, 2010 | Articles of Interest, Tax
Contingent Claims and Expenses – Final Regulations Under IRC Sec. 2053 (TEdec Times, Summer 2010) The IRS has issued final regulations under IRC Sec. 2053, T.C. 9468, 74 Fed. Reg. 53652 (Oct. 20, 2009), identifying requirements for a valid contingent claim or expense...
