Internal Revenue Service February 6, 2020 – Federal Register Recent Federal Regulation Documents

Estate and Gift Taxes; Difference in the Basic Exclusion Amount
Document Number: 2020-01392
Type: Rule
Date: 2020-02-06
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to Treasury Decision 9884, which was published in the Federal Register for Tuesday, November 26, 2019. Treasury Decision 9884 contained final regulations addressing the effect of recent legislative changes to the basic exclusion amount allowable in computing Federal gift and estate taxes. The final regulations affect donors of gifts made after 2017 and the estates of decedents dying after 2017.