BNA Estate & Gift Tax Planner Software Updates
Current CD Version
The most recent BNA Estate Tax Planner CD, version 2013.1, shipped on May 14, 2013.
Version 2013.1 Summary of Changes
In this release you can expect to find:
- All relevant changes due to the American Taxpayer Relief Act of 2012
- State tax law changes for Illinois, North Carolina, Tennessee, Hawaii, Rhode Island, Oregon, and Delaware
- Inflation adjustments for:
- Applicable Exclusion Amount
- Section 6166
- Gift Tax Exclusion - Minor operational changes to support the use in a Windows 8 environment
2013 Section 7520 Rates
While most of these rates have been hard-coded into the program, some are new and may need to be entered manually. To update your BNA Estate & Gift Tax Planner, simply click on your Assumptions tab in the bottom left. Go to the subsection entitled "4. Section 7520 Interest Rates." Click on the date to access the drop-down list to select the correct month and then enter any rate published after the release of the program.
|
January |
1% |
Revenue Ruling 2013-1 |
|
February |
1.2% |
Revenue Ruling 2013-3 |
|
March |
1.4% |
Revenue Ruling 2013-7 |
|
April |
1.4% |
Revenue Ruling 2013-9 |
|
May |
1.2% |
Revenue Ruling 2013-11 |
|
June |
1.2% |
Revenue Ruling 2013-12 |
Section 6166 Underpayment Rates/Section 6621 Rates
The BNA Estate & Gift Tax Planner uses the Section 6166 rates which are based on the Section 6621 rates shown below. Click on the Assumptions tab in the bottom left. Go to the subsection entitled "5. Section 6166 Underpayment Rates" and enter the rate. Only the rates published after release of the program need to be entered.
|
Section 6166 Underpayment Rates/Section 6621 Rates |
|||
|
01/1/12 - 03/31/12 |
3% |
Revenue Ruling 2012-32 |
|
|
04/1/13 - 06/30/13 |
3% |
Revenue Ruling 2013-6 |
|
