We've been discussing issues regarding estate tax planning and administration in recent weeks. Our Las Vegas readers should know that there are several strategies they can take which, particularly when coordinated with a legal professional, can help minimize their tax liability if not avoid any altogether.
But even those who do everything right may come under scrutiny from the IRS. It's a fact of life that some Las Vegas residents will need to navigate an IRS audit in conjunction with estate administration. So let's take a quick look at what one can realistically expect during this process.