Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including ...

In November 2013, the Internal Revenue Service issued final regulations on the net investment income tax (NIIT) as well as new proposed regulations. The NIIT is imposed on the net investment income of ...

After a client passes away, there is much more to do than just prepare a final Form 1040, U.S. Individual Income Tax Return. Taking control of the postmortem planning process can be a powerful way to ...

The American Institute of CPAs (AICPA) has submitted recommendations to the US Department of the Treasury and the Internal Revenue Service (IRS) for the enhancement of tax forms used by estates and ...

Please note: This item is from our archives and was published in 2014. It is provided for historical reference. The content may be out of date and links may no longer function. Starting this filing ...