Although the IRS is now on high alert for wealthy individuals, new and existing planning opportunities are available, such as tax-free gifts and other advantageous planning.
Wealthy individuals and families should take...more
10/19/2023
/ Charitable Lead Annuity Trust ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Promissory Notes ,
Qualified Small Business Stock ,
Renewable Energy ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Incentives ,
Tax Planning ,
U.S. Treasury ,
Wealth Management
Despite Senator Joe Manchin’s (D-West Virginia) recent announcement that he would not support a comprehensive version of Build Back Better, we expect Congress will advance some parts of the legislation early in 2022.
The...more
12/29/2021
/ Capital Gains ,
Corporate Structures ,
Grantor Trusts ,
Income Taxes ,
Proposed Legislation ,
Retirement ,
SALT ,
Tax Increases ,
Tax Planning ,
Valuation ,
Year-End Tax Planning
Plan focuses on eliminating certain available estate planning opportunities and increasing rates for corporations and high net worth individuals.
The proposed tax plan from House Ways and Means Committee seeks to eliminate...more
10/1/2021
/ Capital Gains Tax ,
Corporate Taxes ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
High Net-Worth ,
Income Taxes ,
Irrevocable Life Insurance Trusts ,
New Rules ,
Qualified Small Business Stock ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Valuation ,
Ways and Means Committee
Advance planning in light of the proposed tax law changes included in the For the 99.5 Percent Act, STEP Act and the Biden Administration’s Green Book.
Proposed tax law changes introduced this year provide valuable insight...more
6/25/2021
/ Biden Administration ,
Charitable Donations ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Green Book ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Tax Planning ,
Trusts
Taking advantage of retirement account planning and charitable giving opportunities created under the new stimulus package.
Required Minimum Distributions are waived for 2020, allowing further income tax deferral until at...more
4/7/2020
/ Business Closures ,
CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Compliance ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
Lenders ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Small Business