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Deceased taxpayers ¨C help with selling real property that is part of the decedent's estate

U.S. persons and their tax return preparers should be aware that U.S. persons who create a foreign trust, or have transactions with a foreign trust, can have both U.S. income tax consequences, as well as information reporting requirements. Failure to satisfy the information reporting requirements can result in significant penalties, as well as an extended time to assess any tax imposed with respect to the period to which the information relates.

Abusive Trust Tax Evasion Schemes - Introduction

Information about the like-kind exchange and requirements under IRS Code Section 1031 for recognizing a gain or loss.

Account transcripts, which reflect transactions including the acceptance of Form 706 and the completion of an examination, may be an acceptable substitute for the estate tax closing letter.

Small businesses who currently have employees can qualify for an In Business Trust Fund Express Installment Agreement.

Destroyed, stolen, or condemned property?

Time is on your side.

Find out if you qualify to exclude from your income all or part of any gain from the sale of your personal residence.

Find out when you're required to report rental income and expenses on your property.