January 2014

Take the example of a couple in New York with $ 5 million in assets. They should not have any federal inheritance tax. But what they owe in New York would depend on their planning, said Ita M. Rahilly, partner at accounting firm…

Prior to the enactment of the American Taxpayer Relief Act of 2012 (ATRA), the federal credit under Section 2011 of the Internal Revenue Code would have been reinstated in 2013, but the ATRA…