On the 3rd Monday of February, we celebrate several US presidents who made noteworthy contributions to our country. As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, politics is NOT the focus of this month's newsletter. Rather, our aim is [...]
If You Own Any of These Assets, You Need to Watch Their Value As we begin 2024, it is crucial to review estate planning goals and strategies that may be affected by changes in the federal estate tax exemption law. At the end of 2025, the Tax Cuts and Jobs Act (TCJA) the estate [...]
If you have significant wealth, you may be exposed to future estate tax burdens that must be acted on before the Tax Cuts and Jobs Act reduces the estate tax exemption in 2026. Developing and implementing the right estate planning and tax strategies takes time. You may need to prepare regardless of whether the estate [...]
The Countdown Begins: Will We Keep the $10 Million Exemption? The year 2026 is quickly approaching, bringing substantial changes that may affect your estate tax situation. The Tax Cuts and Jobs Act (TCJA) in 2017 significantly increased the federal estate tax exemption to $10 million adjusted for inflation. This is the amount you can [...]
CTA Imposes New Small Business Reporting Requirements for 2024 The Corporate Transparency Act (CTA) takes effect January 1, 2024. The CTA requires all businesses formed in the United States (and foreign businesses operating in the United State) to report information about the company's owners to the federal government, specifically the US Treasury Department's Financial [...]