This article outlines the key steps to bring an unfiled estate into compliance, focusing on IRS procedures, fiduciary obligations, and penalty mitigation, with citations to relevant legal authority.

Article on how trusts affect estate taxes and basis step-up. Explanation of the trade-offs between estate tax and capital gains taxes.

A summary of the One Big Beautiful Bill Act that Trump signed into law on July 4, 2025. This Act includes significant tax provisions impacting individuals and businesses. This bill prevents tax increases on 62% of taxpayers due to the expiration of 2017 tax provisions and provides new tax benefits available to most Americans.

IRA ownership of Rental Property

Tax issues with inheriting property

Most people never pay estate taxes because of the exemptions that apply to the tax, and the estate tax exemptions for 2015 and 2016 may save taxpayers millions of dollars. that would otherwise go to the IRS. How much is the estate tax exemption for 2015 and 2016? 

Interesting Estate Tax Facts.  The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates pay the tax because it is imposed only on the portion of an estate’s value that exceeds a specified exemption level — $5.43 million per person (effectively $10.86 million per married couple) in 2015.