The Department of the Treasury and the Internal Revenue Service have released Notice 2025-68, 2025-52 IRB ___ (12/22/2025), which describes questions about “Trump Accounts” under section 530A of the Internal Revenue Code (IRC) that the Treasury and the IRS intend … Continue reading
Tag Archives: Federal estate tax
The Internal Revenue Service has released Rev. Proc. 2025-32, 2025-44 I.R.B. ____ (10/27/2025), with inflation adjustments for 2026 (sooner that inflation adjustments are usually published), and the significant federal estate tax and trust planning numbers previously published were correct. Those … Continue reading
The Internal Revenue Service has released a new Form 706, “United States Estate (and Generation-Skipping Transfer) Tax Return,” for decedents dying after 2024. The new form is 5 pages (previous version was 4 pages), but with all the schedules (the … Continue reading
The Bureau of Labor Statistics has published the Chained Consumer Price Index (C-CPI-U) for August 2025, and so it’s possible to calculate various inflation adjustments for 2026. The following are the significant federal estate planning numbers calculated for 2026, with … Continue reading
The Internal Revenue Service has published a draft of Form 706, “United States Estate (and Generation-Skipping Transfer) Tax Return,” for decedents dying in 2025. There are a number of changes from the 2024 version of Form 706, some similar to … Continue reading
H.R. 1, previously known as the “One Big Beautiful Bill,” was passed by both houses of Congress and was signed into law on July 4, becoming P.L. 119-21. Section 70106 of the act changes the provision that had doubled the … Continue reading
The Bureau of Labor Statistics has published the Chained Consumer Price Index (C-CPI-U) for August 2024, and so it’s possible to calculate various inflation adjustments for 2025. The following are the significant federal estate planning numbers calculated for 2025, with … Continue reading
Under an agreement with the two shareholders of a corporation, the corporation was obligated to purchase shares upon the death of a shareholder for a fixed price, and the corporation purchased life insurance on the shareholders in order to have … Continue reading
The Internal Revenue Service has released Rev. Proc. 2023-34, 2023-48 IRB ___ (11/24/2023), with inflation adjustments for 2023 and, consistent with earlier predictions (with two exceptions), the changes in the most significant federal estate and trust planning numbers will be as follows: The … Continue reading
With the release of the Chained Consumer Price Index (C-CPI-U) for August 2023, it’s possible to calculate various inflation adjustments for 2024. The following are the significant federal estate planning numbers, with the numbers for 2023 shown in parentheses: The … Continue reading