IRS rules on when to disregard a QTIP

11/25/2013 | WealthManagement.com (U.S.)

The Internal Revenue Service recently ruled that it could disregard a qualified terminable interest property election when no estate tax would have been imposed on the assets. A decedent's estate requested the ruling, which the IRS approved, arguing that an election wasn't necessary to reduce the estate tax liability to zero.

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