In the year that a taxpayer dies there may still need to be one or more tax returns that are required to be filed after their death. The need for these filings is dependent upon the income that the ...

If you had a loved one who died last year, you may be faced with the need to file taxes for an estate or a trust. When a ...

The portability of the lifetime estate and gift tax exemption amount between spouses was introduced in the 2010 tax law. But details of portability aren’t well-known, and misunderstandings can cost an ...

Are funeral expenses tax deductible? Here's a breakdown on how to document these expenses for estate deductions and your top ...

• Split-dollar regime applied to insurance funding plan—Taxpayer and dentist Peter McGowan ran a dental practice formed as a C corporation. When purchasing a whole life insurance policy on his life, ...

The facts of Estate Spenlinhauer v Commissioner (U.S. Tax Court, Dec. 30, 2025) read like an instruction manual on how to improperly file an estate tax return. Unsurprisingly, the U.S. Tax Court held ...

The IRS issued interim final and proposed regulations Friday (T.D. 10031 and REG-107459-24) lowering the user fee for the Service to issue an estate tax closing letter from $67 to $56. An estate tax ...

The Tax Court denied an estate’s claim of a deceased spousal unused exemption (DSUE) amount, holding that the decedent’s predeceased spouse’s estate did not make a valid portability election (i.e., an ...

It is tempting to think that the budget conflicts in Washington today are something new and different from an ongoing dialogue going on for at least 25 years and more. The most recent major discussion ...