Remarks by McGuireWoods Tax and Employee Benefits partners Ron Aucutt and Dennis Belcher at the 47th Annual Heckerling Institute on Estate Planning, held in Orlando, Fla., were included in an article published in Tax Notes on Jan 21 titled “Practitioners Urged to Take Care in Filing Gift Tax Returns.” Ron cautioned that gifts made during 2012 may receive more scrutiny by the IRS due to a decrease in estate tax returns. Dennis offers advice for undoing a large gift transfer to a trust.
