Estate Tax Repeal – Practical Implications

Under legislation passed in 2001, the federal estate tax was repealed for one year, effective January 1, 2010 and ending December 31, 2010. It is widely expected that Congress will reinstate the estate tax for tax year 2010, perhaps even retroactively. Needless to say, this may present problems for the heirs of people dying during 2010. Continue reading

Posted in Alerts, News

When Shouldn’t You Respond to the IRS?

As CPAs, we are always advising clients to respond to IRS notices as quickly as possible or, better yet, to bring them in and let us do it. But there is at least one instance when you should ignore a communication that seems to be from the IRS: when it’s an email. Continue reading

Posted in Alerts, News