Interesting Article courtesy of STEP:
Read More »News Post – IRS ‘drains’ Tori Spelling and Dean
News Post:
Read More »Act Now! There’s Still Time to Avoid the New IRS Regulations That Might Raise Taxes on Your Family’s Inheritance
The IRS recently released proposed regulations which effectively end valuation discounts that have been relied upon for over 20 years. If the IRS’s current timetable holds, these regulations may become final as early as January 1, 2017. Although that date isn’t set in stone, I expect that the regulations will be final around that time […]
Read More »What You Need to Know About the Final Estate Tax Portability Rules
Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to understand how these final rules may affect their deceased spouse’s estate.
Read More »Early Predictions About 2016 Estate Tax, Gift Tax, GST Tax and Annual Gift Tax Limits
While the IRS will not officially release the 2016 inflation-indexed exemption and exclusion until later in October, Wolters Kluwer Tax & Accounting has released its 2016 predictions based on historical inflationary trends. According to Wolters, the exemption should end up at $5,450,000 in 2016, or $10,900,000 for married couples. While this is a mere $20,000 […]
Read More »What the Recently Released 2016 IRS Inflation Adjustments Mean for You
The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant and your attorney help you plan as 2015 comes to an end.
Read More »