Here is a brief overview of the anticipated 2017 figures related to estate and gift tax as well as taxes on foreign gifts and foreign income.
INSIDE THIS ISSUE • When an Inheritance Is Too Good to Be True: How Income in Respect of a Decedent Works • Know Your Options for Business Interest Transfers • Beware the Transfer-for-Value Rule When Dealing with Life Insurance • The Section 1031 Exchange: Why It’s Such a Great Estate Planning Tool
Last spring, the IRS and U.S. Treasury announced upcoming changes to how equity is valued in family-owned entities, such as closely-held corporations, partnerships or LLCs. On August 4, the IRS formally published those proposed rules.
INSIDE THIS ISSUE • Life Insurance – A Powerful Estate Planning Tool for Nontaxable Estates • 4 Ways to Transfer a Family Business • The BDIT – Realize Estate Planning Benefits while Retaining Control • 21st Century Estate Planning Accounts for Digital Assets
Recently the President signed a new law that changes the due dates for partnerships, corporations, estates and trusts, and individuals with foreign accounts. The law is known as P.L. 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.
Once the summer hits, it’s tempting to detach from the daily grind and focus on vacations and summer projects. But we want to encourage you to spend 15 minutes with your accountant now, to save time and effort later. Some of these ideas may apply to you, some to family members, and others to your […]