The IRS has announced a new safe harbor from the discharge of debt income rules.
Debt that is cancelled, discharged or forgiven is generally taxable as income, but there are exceptions. Under one exception, certain...more
In your experience, what’s the most costly mistake people make when preparing estate plans, and what can they do to fix them? That’s the question we recently put to attorneys writing on JD Supra....more
“Have you heard about portability?” “What does it have to do with my estate plan?”
These are two questions we often hear from clients. “Portability” allows a widow or widower, in most cases, to add any unused estate...more