Estate + Gift Tax Return Preparation
In many instances, a client may be required to file a gift tax return because the client made a lifetime gift. This typically occurs when a client makes a larger gift (i.e., in excess of the annual exclusion amount). In some cases, it may make sense to file a gift tax return when more complex estate planning transactions are embarked upon, such as sales to intentionally defective grantor trusts, even if a gift tax return is not technically required to be filed.
State and federal estate tax returns may be required to be filed as a result of the death of a decedent. Even if not required to be filed, there may be good reasons to file an estate tax return, such as making affirmative elections or opting into portability. These returns can be highly complex and often times need to be filed relatively soon after a decedent’s passing.
