You should sit down with a CPA or tax attorney and discuss the specifics of your plan in depth BEFORE you dive in. There are probably better ways...

You should discuss your plan with a CPA or tax attorney. I know of few tax prep businesses that are owned by persons who are not actively...

Yes. If you sell for a profit, the capital gain will be taxed.

I haven't read the Rev. Proc. in its entirety, but the effective date for most IRS regulations pertaining to estate tax issues is tied to the...

Whether a 706 is required is a "bright-line" test. If you are over the line, you file; if you aren't over, then you don't file. Hopefully your...

You need to consult a CPA and have him/her "crunch the numbers."

Assets that go through the probate process are subject to creditor claims, UNLESS you wait until after the expiration of the creditor claims period...

Mr. Starke's answer is generally correct, assuming the documents involved are all legal and valid. But you should consult an expert probate law...

You should have consulted a CPA or a tax attorney BEFORE you formed the S-Corp. Tax reporting requirements for S-Corps are more burdensome than...

An estate planning attorney can explain this to your uncle in layman's terms. Tell your uncle that you will pay for the consultation, as well as...