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
In response to the COVID-19 pandemic and the resulting financial market turmoil, taxpayers are left with many questions regarding their obligations and the future of their holdings. In the near term, taxing authorities across...more
3/25/2020
/ Business Succession ,
Charitable Deductions ,
Coronavirus/COVID-19 ,
Donor-Advised Funds (DAFs) ,
Estate Planning ,
Filing Requirements ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Income Taxes ,
Roth Conversions ,
Tax Deductions ,
Tax Planning ,
Tax Relief ,
Tax Returns ,
Wealth Management
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