Estate taxes

The IRS and politics — nothing new; AICPA priorities; new blog on the block; and other highlights from our favorite tax bloggers.

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion until the fifth anniversary of their spouse’s death.

A federal appeals court has affirmed a district court’s decision that gave priority to an Internal Revenue Service levy on a decedent’s estate over the decedent’s children’s rights under Louisiana law.

Corralling social media; federal tax outlook; the cannabis business; and other highlights from our favorite tax bloggers.

Grantor-retained annuity trusts thrive in a volatile stock market. Here are the lucrative tax reasons.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

Too many letters; IRS funding, finally; pruning; and other highlights from our favorite tax bloggers.

House Ways and Means Oversight Subcommittee chairman Bill Pascrell, D-New Jersey, is asking the Treasury Department to curb the use of irrevocable grantor trusts by wealthy families to avoid taxes.

Harold Hamm executed one of the largest wealth transfers in U.S. history last week, handing each of his children a stake worth about $2.3 billion in Continental Resources Inc.

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers.

Many proposals for tax hikes on the wealthy haven't materialized, leaving investors with trusts, gifts or sales that might now seem hasty — or not.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

Amid the pandemic, staying informed about life insurance strategies with trusts and estates is critical.

There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue in Sioux Falls.

Good luck getting in to see an estate planner if you don’t already have one. Cross your fingers if you do.

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.

The use of a SLAT to eliminate the risk of changes in the estate and gift tax system can help separate legacy assets from lifetime assets.

The service notes, however, that users can get similar information from a free transcript.

The agency will consider whether to require affluent taxpayers to pay tax on transfers to trusts made under higher exemptions that expire come 2026.

The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.