It might be a surprise to learn the term “Death Tax” does not appear anywhere in the federal tax code. The Estate Tax has been a minor but consistent source of federal revenue for a century. The tax ...

Losing a loved one is hard enough — and the financial burden of a funeral makes things even more overwhelming. It’s only natural to wonder are funeral expenses tax deductible. The answer depends on ...

In the year that a taxpayer dies there may still need to be one or more tax returns that are required to be filed after their death. The need for these filings is dependent upon the income that the ...

When you create the Medicaid Asset Protection Trust (MAPT), you may or may not have to file an income tax return for the trust. If assets in the trust produce gross income of $600 or more in a year, ...

As I sit by my father’s side in Arizona for his final days, thinking of a topic for this week’s article, the impending need for me to prepare an estate income tax return seemed like an appropriate ...