With the looming elections, tax planners have taken time to consider what the future of Estate and Gift Tax planning might be under the new Congress. Every new Congress considers changes to the Internal Revenue Code of 1986,...more
11/4/2024
/ Beneficiaries ,
Closely Held Businesses ,
Donald Trump ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Fair Market Value ,
Family Limited Partnerships ,
Gift Tax ,
Gift-Tax Exemption ,
Green Book ,
Heirs ,
Internal Revenue Code (IRC) ,
IRS ,
Kamala Harris ,
Legislative Agendas ,
Proposed Rules ,
Regulatory Agenda ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Transfer of Assets ,
Treasury Regulations ,
Valuation ,
Wealth Management
All U.S. closely held businesses just received a warning from the highest court in the land that they should review their succession plans (or else risk a higher tax bill for the estates of their owners). On June 6, 2024, the...more
6/17/2024
/ Business Ownership ,
Business Succession ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Connelly v United States ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
IRS ,
Life Insurance ,
Redemption Agreement ,
SCOTUS ,
Shareholders ,
Small Business ,
Survivorship