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The recent case of Aretha Franklin's estate highlights the issues surrounding these handwritten testaments.
August 8 -
A Tax Court case involving the pop legend's estate shows why there are many reasons and justifications for different valuations.
May 8WithumSmith+Brown PC CPAs -
The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.
March 30 -
Estate tax collections in 2021 hit their highest levels since former President Donald Trump's tax cuts took hold, a stark trend reversal that experts attribute to one-off pandemic factors.
November 3 -
Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.
October 10 -
New rules on "portability" mean that a surviving spouse can lock in her deceased partner's exclusion years after exemption levels decrease come 2026.
October 4 -
Some favorite techniques used by the wealthy in recent years aren't looking so good amid higher interest rates.
September 27 -
What will happen to your practice if you die prematurely? What happens if you suddenly become disabled?
August 22WithumSmith+Brown PC CPAs -
Think you’ve locked in your high exemption from gift and estate taxes? The agency suggests a rethink.
May 10 -
Grantor-retained annuity trusts thrive in a volatile stock market. Here are the lucrative tax reasons.
May 3