An attorney handling the estate advised that a Form 706, federal estate tax return, did not need to be filed as the estate was below the $11.4 million threshold for filing a return.

Whew. It has taken awhile but the IRS has finally issued guidance for the treatment of basis for certain estates of decedents who died in 2010. As you've probably heard, there was no federal ...

For example, in 2024, California allows small estate affidavits for estates valued up to $184,500, while Texas sets its threshold at $75,000. Other states have even lower thresholds, including ...

When a client engages a real estate agent, Form AD-11 is most likely the first of many pieces of paper he or she will be asked to read and sign. It spells out the duties of a seller's agent, a ...

This is confirmed in the instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, which state that the election can be made to preserve any unused exemption by ...

Internal Revenue Service. “File an Estate Tax Income Tax Return.” Internal Revenue Service. “Instructions for Form 1041 and Schedules A, B, G, J, and K-1: U.S. Income Tax Return for Estates ...