Estate & Gift Tax

Internal Revenue Code taxes estates and trusts as a person. So every year the government publishes income tax rates for estates or trusts separately. As you know, when an individual dies, his investments in various kinds of properties like…
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There are certain situation in which the estate tax return must be filed as per Internal Revenue Code.
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The new tax rates for year 2019 announced .There is slight increase in the  Estate Tax Exclusion amount in this year. So a decedent dying between Jan. 1 and Dec. 31, 2019, may be subject to an estate tax, with an applicable lifetime estate…
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Internal Revenue Code provides various rules about the taxation of gifts  so when you are planning a  "gift" of money or property to someone-friend ,relatives or even unrelated person , you must know about " who pays gift tax ?". In other…
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