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

Jul
8
O’Reilly Rancilio attorney Clark Andrews received the State Bar of Michigan “Unsung Hero Award” for more than four decades of legal, volunteer, and pro bono wo… Read More
Jun
17
John Nitz, a founding member of O’Reilly Rancilio P.C. and a lifelong Macomb County resident, was recently named to the Michigan Lawyers Weekly Hall of Fame Class… Read More
Read More From Our Press Room

Blog

Jul
10
In Michigan, private employment is considered “at-will,” meaning the job may be terminated at any time for any reason by either the worker or the employer. There… Read More
Jul
8
Last month, the U.S. Small Business Administration (SBA) reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants… Read More
Read More From Our Blog