SALT & Pepper

  • The Portable Marital Deduction

    The IRS is now closer than ever to finalizing rules as to what must be filed by smaller estates in order to claim the unused portion of the estate tax exemption of a deceased spouse, commonly referred to as making a portability election.
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  • Triumph for Gifts of Hard to Value Assets

    In March, the U.S. Tax Court decided Wandry v. Commissioner, a major victory for taxpayers and estate planning attorneys making gifts with hard to value assets.
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  • Potent Portability?

    With the Tax Relief Act of 2010, Congress allowed a deceased spouse to transfer his unused estate tax exclusion to his surviving spouse - what practitioners call "portability". Now that tax day for the first year with portability has passed, it's worth taking a look back at some of the opportunities and perils this has opened up for estate planning.
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About HMB Law

Welcome to HMB's SALT & Pepper blog. As the title suggests, this blog tracks important and emerging issues, trends and developments that affect our clients not only in State and Local Tax (SALT) but also in other disciplines and industries. This blog is designed to be a helpful resource. We hope our readers will find it practical, insightful and valuable.


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