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

Jan
8
2019 marked many successes for the attorneys and staff at O’Reilly Rancilio in Sterling Heights, and we are happy to present just a few of the notable achievements… Read More
Dec
5
O'Reilly Rancilio Of Counsel attorney Jim Thomas was named one of America's Top 100 Criminal Defense Attorneys. Read More
Read More From Our Press Room

Blog

Jan
15
Most business owners already know that Michigan’s minimum wage increased on Jan. 1 for the second year in a row. The increase, to $9.65 an hour, affects businesses… Read More
Jan
9
Few people wish to think about their mortality, let alone take time to plan for those they leave behind. A recent Care.com survey reveals why people fail to create a… Read More
Read More From Our Blog