On Monday, September 13, 2021, the House Ways and Means Committee released a draft of its proposed tax legislation and a summary of the major provisions. The proposed legislation, if enacted, would push higher tax rates on...more
For years, we have known that Tennessee has one of the most robust trust codes in the country. While this is surprisingly not one of the main topics at dinner tables nationwide, more than just Tennessee residents can share...more
6/9/2021
/ Affidavits ,
Asset Protection ,
Estate Tax ,
Failure to Comply ,
Generation-Skipping Transfer ,
Gift Tax ,
Governor Lee ,
Income Taxes ,
New Legislation ,
Non-Judicial Settlement Agreements ,
Tennessee ,
Trusts
On March 17, the IRS granted taxpayers an automatic filing and payment extension of 2020 individual income tax returns to May 17, 2021. As of right now, this delay only applies to federal income tax filings for individuals,...more