Estate Tax Collection: An Illustration of Payment Options, Decisions, and Consequences

The Administration just released its proposed budget for Fiscal Year 2027. The Budget proposes to streamline IRS operations by reducing the agency’s budget to $9.8 billion – a $1.4 billion cut from current spending levels,including a reduction of its enforcement workforce by 17 percent – while utilizing improvements in technology to ensure the tax laws are fairly and efficiently administered.... By: Rivkin Radler LLP