The US is suing the estate of a Connecticut man who died in 1997, alleging that a tax liability of about $22 million has ballooned to over $51 million with penalties and interest.
A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...
As far as dying goes, Oregon is a terrible place to do it for those who want to pass down a home, business or life’s savings to loved ones tax-free. Those heirs might have to scramble and sell off ...
While debates over income taxes dominate headlines, comparatively little attention is given to federal estate taxes. In fiscal year 2023, the tax generated $33.7 billion—just 0.8% of federal ...
Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...