HSA limits for 2023 Rise as Part of Tax Code Changes
May 03, 2022Tax Code Changes Due to Inflation The Internal Revenue Service issued its annual inflation-adjusted amounts for next year’s health savings accounts. Due to surging inflation, the highest level in decades, they are raising the HSA limit. As part of 2023 tax code changes, Revenue Procedure 2022-24, states for calendar year 2023, the annual limitation on… Read more »
A Recap of the Top Tax Developments of 2021
December 16, 2021The year 2021 has been a tumultuous one for tax professionals, with continuing pandemic-related developments as well as new legislation, regulations, court decisions and IRS pronouncements. While the major developments are familiar to most, there are some that might have been missed due to the busy nature of the profession during the past year. The… Read more »
Venture Capital Disputes: What to Expect in Your Case
May 10, 2019Venture Capital Disputes Cause Concern Were you recently involved in the launch of a product or business? Were you the one who supplied the majority of the funds? If you feel that you have not received your full share of the promised profits, you can take action. But what can you expect in your case?… Read more »
You Mean There are State Death Taxes Too?
February 01, 2017Are There State Death Taxes? That depends. Some states have a separate death tax and some do not. Historically, for those states that have a state death tax, the tax is either independent of the federal estate tax system or tied to the federal estate tax system. In those states that have an independent death… Read more »
What is the Federal Estate Tax?
January 30, 2017Learn the Facts: Federal Estate Tax At the end of 2010, Congress passed the ‘‘Tax Relief, Unemployment Insurance Preauthorization, and Job Creation Act of 2010.” Special provisions apply to those who died in 2010. In 2011 and 2012, there was an exemption amount from federal estate tax of $5 million and $5.12 million per person… Read more »
What Role does a Financial Advisor Have in Estate Planning?
January 02, 2017Does a Financial Advisor Have a Role in Estate Planning? Yes – a financial advisor has a role in Estate Planning. When forming an estate plan, financial advisors have a crucial role. The advisor is focused on the client’s finances, and you can help prevent important financial information and procedures from slipping through the cracks…. Read more »
What Role Does the Accountant or CPA Have in Estate Planning?
December 14, 2016Learn Why You Need An Accountant or CPA on Your Planning Team For many people, the accountant or CPA is one of their most trusted advisors. This seems to be especially true for people who own businesses. They have utilized the advice of the accountant in many diverse situations. Estate planning is no exception. The… Read more »
