On March 13, 2020, the President of the United States issued an emergency declaration in response to the ongoing COVID-19 pandemic. The Emergency Declaration instructed the Secretary of the Treasury to provide relief from tax...more
4/7/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Estate Planning ,
Executive Orders ,
Filing Deadlines ,
Gift Tax ,
Gift-Tax Exemption ,
IRS ,
Relief Measures ,
Retirement Funds ,
State of Emergency ,
Tax Relief ,
Taxable Income ,
Time Extensions ,
Transfer of Assets ,
Virtual Meetings
Exemptions and Rates -
On Jan. 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into effect to avoid the “fiscal cliff,” setting the unified Federal gift and estate tax exemption at $5...more
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (“ATRA”), setting the unified Federal gift and estate tax exemption at $5 million, indexed for inflation ($5.25 million for 2013, expected to...more