by Joel Roettger | Oct 24, 2017 | Estate Planning, Tax
The IRS recently announced inflation adjustments to various estate and gift tax items for 2018. UPDATE: The information below is based on information released prior to the Tax Cuts and Jobs Act. For changes to the estate and gift taxes as a result of the Act, see...
by Joel Roettger | Jul 12, 2017 | Estate Planning, Probate, Tax
Executors who discovered too late that they should have made a portability election have gotten a reprieve. Portability refers to the ability of a surviving spouse to inherit the unused federal estate tax exemption of the predeceasing spouse. In order to receive the...
by Joel Roettger | May 18, 2017 | Probate, Tax
For estates that are required to file a Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return*, it is advisable not to close the estate until you know that the IRS has completed its examination of the return and has accepted it (either with or...
