From utilizing the annual gift exemption to more advanced estate tax planning, including generational and charitable planning, our 2018-2019 Family Gifting Guide, provides detailed tax planning strategies with examples for individuals and families facing estate tax concerns.
Tax Cuts and Jobs Act of 2017 Section 199A_Oct 2018. This memorandum has been long delayed in an effort to obtain greater clarity from the Internal Revenue Service and its Office of Chief Counsel. Recently, the Internal Revenue Service did issue Proposed Regulations on one significant aspect of the law, Section 199A (which provides a maximum deduction equal to 20% of the net trade or business income of certain individuals and “pass-through entities”). Click link to read more…
Tax Cuts and Jobs Act 2017 written January 2018
GUIDE FOR TRUST’S AND TRUSTEE’S written January 2017
In light of the anticipated post-election changes in tax law, we provided some guidance on year-end Income Tax and Estate Tax Planning.
Although President-elect Trump’s tax plan is still preliminary, we have summarized the proposed changes to assist in year-end tax planning in our guide, Post Election Tax Planning for Individuals and Businesses.
With the IRS threatening one of the most commonly utilized gift and estate planning tools, we provided our analysis of the Proposed Regulations under Code Sec 2704
Our essential and easy to use reference chart, the 2016 Estate Tax Estimator quickly determines the estimated estate taxes for residents of New York