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 »
Proposed Tax Code Changes Will Impact Estate Planning
September 29, 2021As part of the proposed Build Back Better Act, there are significant changes to the Tax Code. These changes will effect common estate planning techniques, including gifts to trusts. This is a quick overview of the changes. It includes lowering of the estate, gift, and generation-skipping transfer exemptions. Lower Gift and Estate Exemptions The proposals… Read more »