Jan 4, 2018 | Blog, Estate Tax, Family Businesses
Wishing you all the very happiest of New Years, with the hope that the surprises that lie ahead in 2018 are only of the most positive kind. This is perhaps an appropriate, albeit bittersweet, segue way to where our Tax Bill effort ended up in 2017. Bittersweet because...
Dec 26, 2017 | Blog, Estate Tax, Tax Cuts
Highlights of recently enacted Tax Reform Bill (HR1 “Tax Cuts and Jobs Act of 2017”) Individuals Double the estate, GST and gift tax exemption ($5.6 million to $11.2 million, indexed for inflation) for estates of decedents dying and gifts made after...
Dec 22, 2017 | Blog, In The News, Tax Cuts
Earlier today President Trump signed the just-passed tax reform legislation into law. Though there had been discussion that the President would wait until January to sign the legislation, last night Congress passed a government funding bill that includes a waiver of...
Dec 20, 2017 | Blog, Death Tax, In The News
The U.S. House again passes sweeping rewrite of the tax code with a vote of 224-201 of voting in favor and on HR1; Tax Cuts and Jobs Act. 16 Republicans voting against or not voting, and all Democrats opposing or not voting. The House voted again, after the Senate...
Dec 18, 2017 | Blog, Estate Tax, Tax Cuts
On Friday, December 15, 2017, the Conference Committee for the Tax Cuts and Jobs Act released and approved its conference report reconciling the differences between the House and Senate tax reform proposals. Of particular relevance, the agreement doubles the estate...
Dec 11, 2017 | Blog, Estate Tax
BY HARRY ALFORD, OPINION CONTRIBUTOR – THE HILL – 12/08/17 12:00 PM EST ( THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL) The estate tax creates an unfair situation for black-owned businesses, which have primarily started to...
