by Arthur Geffen | Sep 30, 2011 | Estate Tax
Notice 2011-82 alerts executors of the estates of decedents dying after December 31, 2010, of the need to file a Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, within the time prescribed by law (including extensions) in order to elect to...
by Arthur Geffen | Sep 19, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax, IRS
Wealthy taxpayers who want to make large gifts to family members recently got good news: A federal appeals court affirmed a popular technique to sidestep gift taxes. The decision, Estate of Petter v. Commissioner, was published in August by the Ninth Circuit in...
by Arthur Geffen | Sep 16, 2011 | Estate Tax, Income Tax
Tax publisher CCH put out its estimates of ranges for 2012 tax brackets and projections for inflation-sensitive figures such as the standard deduction and the estate tax exemption, and it’s good news especially for the well-off, even those who die. Here’s what’s...
by Arthur Geffen | Sep 14, 2011 | Estate Attorney, Estate Tax
Good news for Estate Tax Executors of estates of most decedents who died in 2010 now can get an automatic extension until March 19, 2012, to pay any estate tax due as well as to file an estate tax return, the IRS announced Tuesday. 2010 Estate Tax Payment, Carryover...
by Arthur Geffen | Aug 17, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax
Wealthy individuals in the U.S. will find it easier to cut their estate-tax bill as a result of a provision for using their deceased spouses’ exemption credit. Everybody has a gift and estate-tax exemption of up to $5 million this year and next. For people who...
by Arthur Geffen | Aug 10, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax
With the current $5 million federal estate tax exemption, you may not be thinking much about estate planning. After all, there’s no way your estate would owe the tax if you happen to die between now and 2013. So no worries, right? Wrong Make This Estate...
