In the year that a taxpayer dies there may still need to be one or more tax returns that are required to be filed after their death. The need for these filings is dependent upon the income that the ...

In Estate of Liftin, No. 10-589 (Fed. Cl., March 29, 2013), the Court of Federal Claims held that an estate was subject to a late-filing penalty due to its failure to timely file its estate tax return ...

The court agreed with the IRS, ruling the $3.7 million unused exclusion could not be applied. The case highlights the risks for wealthy families, particularly those with combined estates over the $15 ...

An Ohio businessman’s heirs are facing $1.5 million in additional estate taxes after a paperwork error disqualified them from a key tax break for married couples ...