IRS testing software for electronically filing estates and returning gifts

The IRS is working to enable electronic filing of gift and estate tax returns, an official said Wednesday.

The change follows Treasury Secretary Janet Yellen’s previously announced goal for the IRS to make most taxpayers go paperless by 2025, in light of the tens of billions of dollars in new funding the agency received from the Tax and Climate Act. the Democrats passed last year. year.

Although the IRS does not currently support electronic filing of estate and inheritance tax returns, it is testing software that would enable this option, says Caitlin Dale, a senior estate and gift tax advisor.

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