Tax preparation professionals suggest: Do everything you can do electronically, especially if you’re due a refund. Keep the human element out and don’t expect to get through to the IRS by telephone.
As part of the proposed Build Back Better Act, there are significant changes to the Tax Code. These changes will effect common estate planning techniques, including gifts to trusts. This is a quick overview of the changes. It includes lowering of the estate, gift, and generation-skipping transfer exemptions. Lower Gift and Estate Exemptions The proposals… Read more »