Estate & Gift Taxes

IRS site on Estate & Gift Taxes

Introduction to Estate & Gift Taxes IRS Publication 950,

IRS FAQ’s

IRS Form 706 Estate Tax Return
Estate Tax Return

712 Life Insurance Statement
IRS Form - Life Insurance Statement

FAQ’s from Free Advise.com

Up to $3.5 Million is Estate Tax Free?

More on Estate Tax Exemption

$5,000,000 or more for decedent’s dying in 2010 or later (note: there are special rules for decedents dying in 2010.

Presently, the amount of this credit reduces the computed tax so that only total taxable estates and lifetime gifts that exceed $1,000,000 will actually have to pay tax. In its current form, the estate tax only affects the wealthiest 2 percent of all Americans.

Most relatively simple estates (cash, publicly traded securities, small amounts of other easily valued assets, and no special deductions or elections, or jointly held property) do not require the filing of an estate tax return. A filing is required for estates with combined gross assets and prior taxable gifts exceeding $1,500,000 in 2004 – 2005; $2,000,000 in 2006 – 2008; $3,500,000 for decedents dying in 2009; and

Estate Tax Form
irs.govf706

IRS Estate Tax Web Site
irs.gov

  • Publication 950, Introduction to Estate and Gift Taxes

Estate Tax Calculator
calculator.net

CA No Estate Tax
mcguirewoods.com

CA Law
leginfo.legislature.ca.gov

 

Estate and Gift Taxes

 

Estate Tax
The estate tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death.

Frequently Asked Questions on Estate Taxes
Find some of the more common questions dealing with basic estate tax issues.

Gift Tax
If you give someone money or property during your life, you may be subject to federal gift tax.

Frequently Asked Questions on Gift Taxes
Find some of the more common questions dealing with gift tax issues as well as some examples of how different types of gifts are treated.

Filing Estate and Gift Tax Returns
Learn when to file estate and gift taxes, where to send your returns, and get contact information if you need help.

What’s New – Estate and Gift Tax
Stay up to date with the tax law changes related to estate and gift taxes.

References/Related Topics

  • Forms and Publications – Estate and Gift Tax
  • Publication 950, Introduction to Estate and Gift Taxes

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