Tax
Nov. 27, 2018
Proposed regulations on gift and estate tax exemption
On Nov. 21, the Internal Revenue Service and Department of Treasury issued Proposed Regulations Section 20.2010-1 to provide guidance on the increased gift and estate tax exemption which sunsets in 2026.
Megan Lisa Jones
Email: megan.jones@withersworldwide.com
Loyola Law School
Megan is a tax attorney who specializes in estate and business planning. She was previously an investment banker at firms including Lazard Freres & Company.
On Nov. 21, the Internal Revenue Service and Department of Treasury issued Proposed Regulations Section 20.2010-1 to provide guidance on the increased gift and estate tax exemption which sunsets in 2026. A public hearing is tentatively set for March 13, 2019, to address any comments submitted in response to the proposed regulations. For the years of 2018 to 2025, the gift and estate (and generation skipping, or GST, tax) exemption amount is $10 million per year, index...
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