Public comments posted July 13 on REG-118913-21 relating to the basic exclusion amount (BEA) applicable to the computation of federal estate and gift taxes. The proposed regulations would impact the estates of decedents dying after a reduction in the BEA who made certain types of gifts after 2017 and before a reduction in the BEA, currently scheduled for after 2025. [Comments from NYSBA, National Federation of Independent Business (NFIB)]
Reference:
View NYSBA Comments, View NFIB Comments.
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