Estate Tax
IRS May Allow Late Filing Relief for 706 for Portability
According to Robert Keebler, CPA, the IRS may allow a late filed Federal Estate Tax Return, Form 706, if the only reason…
Now is the Time to Consider Tax Issues as 2013 Draws Near
A recent press briefing with Press Secretary Jay Carney touched on tax issues that will affect every American in 2013. Right now, Americans are…
How to Determine Date of Death Values
When administering an estate, determining the date of death values of the decedent’s assets is essential. Filing federal and state estate tax…
How to Determine Date of Death Values
When administering an estate, determining the date of death values of the decedent’s assets is essential. Filing federal and state estate tax…
Pay Gift and Estate Taxes Online
The IRS charges hefty penalties for failure to timely pay taxes. Just like with the failure to file penalties, the failure to…
IRS Releases Draft 2012 Estate Tax Return
The IRS has released a draft 2012 Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return dated August 16, 2012. The changes…
Higher Taxes are on the Horizon – 10 Planning Tips
Despite all the wrangling in Congress, we are still facing income and estate tax increases in 2013, now only five months away….
U.S. House Republicans Introduce Bill to Continue Bush Tax Cuts
The proposal provides for a continuation of the current income tax laws for one more year, preventing the scheduled expiration of the…
Intentionally Defective Grantor Trusts on the Chopping Block?
Persons who have relied upon certain trusts as a means of limiting estate taxes upon their death might have cause for concern…
States Reconsider Death Taxes
North Carolina repealed its intangible, inheritance and gift taxes within the last decade or so, but still maintains an estate tax with…
