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:


Press Room

Oct
11
Attorney Sean M. Colonna has joined O’Reilly Rancilio P.C. as an associate in the firm’s estate planning, business law, and litigation and disputes practice area… Read More
Oct
6
O’Reilly Rancilio president and shareholder Charles “Chuck” Turnbull was quoted in the recent edition of “Super Lawyers Magazine,” a Crain’s Detroit Busi… Read More
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Oct
13
According to the Pew Research Center, 93 percent of U.S. residents use the internet, with three-in-ten U.S. adults stating that they are “almost constantly” onli… Read More
Oct
12
The House Ways and Means Committee recently introduced proposed changes to the estate, trust, and gift taxation laws that could have a tremendous impact on the tax t… Read More
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