Consequently, the trust maker must file a Form 709 gift tax return to report the completed gift to the IRS. To minimize transfer taxes (gift and estate taxes), a trust maker must make a completed ...

If an investment makes sense as part of a diversified portfolio and can provide tax benefits, then it is a win-win. Real estate is one ... can be classified as a return of capital (ROC), which ...

But to use this strategy, the wife must file an estate tax return for the husband's estate even if no tax is due. The deadline is nine months after the date of death, but the estate's executor may ...

Owning real estate produces steady income for investors, but the sale of residential and business properties can generate a large tax bill because ... are the keys to return on investment.

An inheritance tax is a tax imposed on the recipient (beneficiary) of an estate, meaning the person receiving assets from a deceased individual may be responsible for paying it. Individuals who ...

But tax and retirement planning expert Ed Slott argues that the accounts can be useful in the context of estate planning ... get the benefit of joint return tax rates that she may never have ...

The trustee is responsible on behalf of an estate for filing an estate tax return if required and a final personal tax return, as well as paying any taxes owed. It's unlikely that most people will ...