The 7520 rate for May 2017 has decreased to 2.4%.
The May 2017 Applicable Federal Interest Rates can be found here.
Billionaire David Rockefeller, the grandson of John D. Rockefeller, passed away recently at the age of 101. In 2017, Forbes estimated that his fortune, investments in real estate, share of family trusts, and other holdings were worth $3.3 billion. However, because of his family history, it is quite possible that a large portion of that $3.3 billion will not be subject to the estate tax upon his death. (more…)
Written by Emily Manns and originally posted on BryanCaveCharityLaw.com
Every year, the IRS issues its “Dirty Dozen” Tax Scams list, a compilation of tactics and devices used by scam artists against taxpayers. While the threat exists year-round, the IRS promulgates the list ahead of filing season. As susceptible taxpayers prepare their returns, they face a higher risk of being targeted. (more…)