To determine a decedent’s taxable estate, the Internal Revenue Code allows the decedent’s estate to utilize several deductions in various Code Sections, including Section 2053. The Treasury Regulations associated with Section 2053 were favorable to the taxpayer and contained broad language regarding the deductibility of claims and expenses. Recently, the Internal Revenue Service promulgated Proposed Treasury Regulations that would narrow the benefit of taking certain deductions to an estate. Read on to learn more.
Our firm is dedicated to providing you with quality estate planning resources, so you can become familiar with all of the existing options. When you visit or call our office, we want you to feel comfortable discussing such an important issue concerning both you and your family. We want to arm you with the information you need to make an informed decision about your family’s future Read More
Latest posts by Info Schomer (see all)
- Gen X – This One’s for You (Really Every Generation Should Read This) - August 1, 2023
- R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan - August 1, 2023
- A Real-Life Look at the Application of the Slayer Statute - August 1, 2023
