If you are one of those generous souls who makes significant charitable contributions each year, be sure you document contributions the right way or be prepared for a possible losing duel with the IRS over the tax deductibility of your contribution over $250. All contributions that exceed this amount are only deductible if you have a receipt from …
tax returns
Van Osdol & Magruder Reviews Estate Tax Portability – What is a Timely Filed Tax Return?
The Internal Revenue Code requires that executors wishing to make a valid portability election to make the election on an estate tax return filed within the “time prescribed by law.” However, the law can be ambiguous concerning just when that is, making filing estate tax returns even more complicated than they already are. college research paper …
