IRS Form 706 is used to report the United States' estate- and generation-skipping transfer taxes. It is filed by the executor of an estate of a deceased U.S. citizen or resident in one of two ...

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms through the end of year, lengthening what had been a temporary grant of relief for the pandemic. The ...

Funeral expenses are generally not tax deductible on your personal income tax return. The IRS does not consider funeral costs qualified medical expenses. While individuals cannot deduct these expenses ...

The IRS has published a private letter ruling on Section 2010(c)(5)(A), granting the taxpayer’s estate an extension of 120 days to make the portability election to allow the decedent’s surviving ...

One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability. When one of the spouses dies, the surviving spouse can make a ...