The process of determining the value of estate assets, and filing the required estate tax return, might all be complicated by recent law changes made by the Surface Transportation and Veterans Health ...

Donating business assets to charity may allow you to take a charitable contribution deduction. When the assets have been depreciated over the years, however, the deduction is a bit more complicated.

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for asset ...

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hen an IRS audit identifies deficiencies in a tax return, the taxpayer may be asked to sign a closing agreement. There are two types of closing agreements. The first—contained on Form 866, Agreement ...

Husband-and-wife taxpayers had no basis in stock they received as holders of life insurance policies issued by companies that converted from mutual companies to stock corporations, the Ninth Circuit ...

A short grantor trust walks into a bar. After a few too many drinks he starts flirting with a pretty beneficiary, promising her a step up in his assets. But before he seals the deal, the bartender ...