Forbes has published an article, “IRS Clawback Proposed Regulation Causes Confusion In The Playing Field”, which discusses the world of estate tax planning. The article begins as follows:
The world of estate tax planning can be complicated and confusing.
While planners can navigate the situations that taxpayers face by way of planning strategies, financial projections and illustrations, the IRS’s assault on various planning strategies in court cases, Treasury Regulation pronouncements and Proposed Regulations can result in unpredictability, and make the day-to-day life of estate tax planners interesting, to say the least.
Many had assumed that gifts made while the exemption was higher than upon the date of death would enable the estate of the donor to use the higher exemption amount that was in existence at the time of each gift, in lieu of the lower exemption amount that would apply after January 1, 2026 (or earlier, if the exemption amount is reduced sooner) as to all categories of transfers, but this will apparently not be the case.
This is where it can get complicated.
Click here to see the full article: “IRS Clawback Proposed Regulation Causes Confusion In The Playing Field”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.