The IRS has yet to release an electronic option to file complicated gift and estate tax returns, a feature that lawyers say their clients need as the tax season swings into gear.
Estate tax returns, which are only filed by a wealthy subset of Americans, are cumbersome because of the number of exhibits that must be included. Assets that aren’t publicly traded securities or cash—such as a house or an LLC interest—need an appraisal. Trust agreements and previous gift returns also need to be attached in the paper package, making it open for delays.
As of November, the IRS was ...
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