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Signing the Decedent’s Final Return: Signatures and DECEASED Notation
Confirm whether a court-appointed personal representative exists; that person must sign the final return. Surviving spouses may file joint returns…
Final Decedent’s 1040: Deadlines, Filers, and Estate Considerations
A decedent’s tax year ends at death; final Form 1040/1040‑SR is usually due April 15. Post‑death income goes on Form…
Gifts of Future Interests: No Annual Exclusion; Report on Form 709
Future-interest gifts are reportable and excluded from the annual exclusion; 529 Plan contributions are present-interest gifts and can be front-loaded…
Understanding Gift Tax and Form 709: 2025 Exclusions and Exemptions
Gifts without equal return may be taxable and must be reported on Form 709 when they exceed the $19,000 2025…
Understanding Gift Tax Exemptions and Deductions in 2025
Follow a four-step approach: try exempt transfers (medical, tuition, political), use the annual exclusion ($18,000 in 2025), then apply marital…
Understanding the 2024 Annual Gift Tax Exclusion and Gift Splitting
In 2024, donors can give $18,000 per recipient tax‑free if it’s a present interest; married couples can jointly give $36,000…
Understanding the 2025 Unified Credit in Estate Tax Calculations
The 2025 estate tax exclusion is $13.61 million per person with a 40% top rate. Executors compute taxable estate, add…
Filing Form 706: Estate Tax Return Rules, Deadlines, and DSUE
In 2025, estate tax activity increased as families file Form 706 to lock in the $13.99 million exemption and elect…