Recent Posts in Estate Tax Category
Posted on Feb 7, 2014 By Stephens Law Group
Applying for a federal Employer Identification Number (EIN) or Tax Identification Number (TIN) is a free service offered by the Internal Revenue Service. Beware of websites that charge for this free ...
Continue reading "How can I obtain a Federal Tax ID Number (TIN or EIN) for a Trust?" »
Posted on Jan 24, 2014 By Stephens Law Group
The short answer? Yes (for some estates without a filing requirement). The slightly longer answer? The IRS recently issued Revenue Procedure 2014-18 which: "...provides a simplified method for ...
Continue reading "Will the IRS give me an extension of time to file my portability election?" »
Posted on Nov 7, 2013 By Stephens Law Group
The IRS recently published Rev. Proc. 2013-35, which sets the inflation-adjusted exclusion amounts for 2014, for estate taxes and gift taxes. Estate Tax Exclusion Amount : For an estate of any ...
Continue reading "What are the inflation-adjusted 2014 estate and gift tax exclusion amounts?" »
Posted on Nov 4, 2013 By Stephens Law Group
The IRS recently released its new Form 706, U.S. Estate Tax Return, here: http://www.irs.gov/pub/irs-pdf/f706.pdf Thanks to the American Taxpayer Relief Act of 2012 (ATRA), and its new $5.25 million ...
Continue reading ""Portability" - what's that got to do with the new 2013 IRS Estate Tax Return?" »
Posted on Sep 27, 2013 By Stephens Law Group
Question : Are probate and estate taxes the same thing? Answer : No, they have only one thing in common – they both occur after your death.Other than that, they really don't have much to do ...
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Posted on Sep 12, 2013 By Stephens Law Group
WASHINGTON — In response to the June 26 th #SCOTUS decision invalidating a key provision of the 1996 Defense of Marriage Act, two weeks ago the U.S. Department of the Treasury and the Internal ...
Continue reading "Major IRS Ruling on Estate Tax and Legal, Same-sex Marriages" »