In prior blog posts, we have discussed the uphill battle an estate faces when it requests abatement of a late filing penalty when the Form 706, United States Estate Tax Return, is not timely filed. Although there are cases...
At recent tax programs, IRS officials referenced a new program called “Hi-Def” which will be targeting wealthy people who have not filed tax returns. The program is intended to address the perception that the IRS ...
For any questions on this or any other legal matter, please feel free to contact Joel Crouch at (214) 749-2456 or jcrouch@meadowscollier.com or Kristen Cox at (214)749-2403 or kcox@meadowscollier.com.
It just keeps getting better for wealthy individuals! The Internal Revenue Service recently announced the inflation-adjusted estate and gift tax exclusion amount for 2020. For gifts made and estates of decedents dying...
As discussed in a prior blog post by my colleague, Anthony Daddino, here, the IRS began sending “educational” letters (i.e., warning letters) to taxpayers regarding their potential failure to report or pay tax on...
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