IRS Form 706 is used to report the United States' estate- and generation-skipping transfer taxes. It is filed by the executor of an estate of a deceased U.S. citizen or resident in one of two ...

On July 8, 2022, the IRS issued Revenue Procedure 2022-32, which provides a simplified method for taxpayers to obtain an extension of time to make a portability election of a deceased spouse’s unused ...

On July 8, 2022, the IRS issued Rev. Proc. 2022-32 that simplified the method for obtaining late relief for failure to timely make an estate tax portability election and extending the time for filing ...

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Major update includes support for newly redesigned IRS Form 706 The 2026 edition of The Lackner Group, Inc.’s 6-in-1 Estate and Trust Administration Software has been released, featuring updates ...

The IRS offers a significant opportunity for individuals to pass on substantial wealth without incurring federal estate taxes, thanks to a generous exemption threshold. In 2024, estates valued up to ...