Articles on Estate Taxes

Estate tax return changes By Gary R. Gehlbach Trusts and Estates, November 2015 On June 16, 2015, the IRS announced that it would no longer automatically issue estate tax closing letters for estates filed after May 31, 2015.
IRS changes procedures regarding estate tax closing letters effective June 1, 2015 By Kathryn C. Rolewick Trusts and Estates, July 2015 For any Form 706 estate tax return filed on or after June 1, 2015, a request for a closing letter must be submitted in order to receive one, and the IRS asks that a request not be submitted for at least four months after filing the return.
Estate income tax fiscal year election tips and traps By Steven E. Siebers & Emily Schuering Jones Trusts and Estates, January 2015 If you are involved from time to time in estates that are administered for more than 12 months after death, you should be aware of taxpayer-friendly rules for electing a fiscal year that could minimize income tax liability.
Avoiding malpractice under the new estate tax portability rules By Robert J. Kolasa Trusts and Estates, July 2014 This article examines the estate tax portability rules and the sensitive filing deadlines which are needed to invoke its benefit.
Illinois marital deduction and Q-TIP election available to civil unions By Ray Prather Trusts and Estates, November 2012 The interaction between federal and state law has made it difficult for Illinois to implement its law recognizing civil unions.
Estate tax or not: Reasons your clients still need estate planning By Jodie E. Distler Hanzlik Trusts and Estates, February 2010 The 2010 estate tax “repeal” has not gone unnoticed by most attorneys and certainly has been the subject of intense scrutiny, dialogue and debate among tax planning professionals.
The Service upholds Power of Appointment as method to fully utilize estate tax exemption By Katherine M. Cunningham Trusts and Estates, October 2004 Some couples, even very wealthy ones, may not be able to use the full amount of their federal estate tax exemption unless they do some advance planning.

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