Serving Southeast Michigan For Over 30 Years.

Federal Estate Tax Returns and Audits

While there have been fewer federal estate tax returns required to be filed due to increases in the federal estate tax credit, clients with larger estates often seek assistance from O'Reilly Rancilio's estate planning attorneys with respect to the filing of required estate tax returns. Depending upon the assets of the estate, this process may involve one or several of the following services:

  • Gathering of asset information from you (including reviewing past gifting and asset basis information) to determine whether federal or state estate tax returns need to be filed
  • Obtaining necessary appraisals
  • Determining whether alternate valuation, special elections, or other tax options should be elected or utilized to reduce or defer tax liabilities
  • Preparing and providing supporting documentation for federal and estate tax returns

Knowing how and when to use valuation techniques and sophisticated discounts in appropriate situations enables possible reduction or elimination of tax liability, sometimes completely eliminating the need to file a tax return.

While O'Reilly Rancilio has observed reductions in the number of audited estate tax returns, in many cases, there is a need to provide additional information to the Internal Revenue Service in order to obtain an estate tax closing letter. Having competent counsel supporting you can significantly reduce your anxiety, and in many instances, your tax liability. The tax attorneys of the firm can expedite accomplishing your goals.



Our federal estate tax returns and audits attorneys are:


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Jul
30
The Oakland County Legal News recognized O’Reilly Rancilio summer law clerk Dean Michel in their July 29, 2019 edition.  The article, titled “Litigation Vocatio… Read More
May
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On May 15, 2019, O’Reilly Rancilio was honored at the Sterling Edge Awards as Legacy Partner of the Year for its long-standing relationship with the City of St… Read More
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Aug
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O’Reilly Rancilio attorneys Marc Kaszubski and Nathan Petrusak successfully defended the City of Sterling Heights in a federal court challenge involving the Open M… Read More
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The Macomb County Friend of the Court (FOC) released significant revisions to its Parenting Time Guidelines earlier this year. These changes may have an affect on m… Read More
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