Possible Regulatory Changes Could Reduce Tax Benefits of Transfers of...
Historically, the Internal Revenue Service has closely scrutinized transfers between family members of interests in family-owned entities. Among other actions, the Service has sought to curtail the use...
View ArticleProposed IRS Rules Endanger Business Valuation Discounts for Family-Owned...
Historically, the IRS has closely scrutinized transfers of interests in family-owned entities between family members. In particular, it has sought to curtail the use of discounts to decrease the estate...
View ArticleFederal Tax Reform: Initial Steps Toward Changes to Gift, Estate and...
House Republicans unveiled the full text yesterday of their proposed tax legislation—titled the Tax Cuts and Jobs Act—which includes dramatic changes to the gift, estate, and generation-skipping...
View ArticleInitial Steps Toward Changes to Gift, Estate and Generation-Skipping Transfer...
On Thursday November 9, Senate Republicans unveiled the substance of their tax reform bill. The Senate proposal maintains the House Republicans' plan to increase the amount exempt from gift, estate,...
View ArticleFor Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31,...
View ArticleImpact on Gift, Estate, and GST Taxes Under the Tax Cuts and Jobs Act (H.R. 1)
The tax law known as the Tax Cuts and Jobs Act (H.R. 1), signed by President Trump on December 22, 2017, contains important changes to provisions governing gift, estate, and generation-skipping...
View ArticleEstate Planning in Uncertain Times
The coronavirus (COVID-19) outbreak has given reason for us to not only make sure our estate plans reflect current wishes, but also to seek potential opportunities for smart tax planning. In the words...
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