Jul 28, 2021 | Blog, In The News, Step-Up In Basis
Contact Your Member of Congress - It Only Takes a Minute Individuals pay a 40% tax on the FULL MARKET VALUE of their assets, when they die, not just on the appreciation of those assets. That is why they receive a “step up in basis” to this value. On July 21, 2021,...
May 13, 2021 | Blog, Death Tax, Estate Tax, Family Businesses, In The News, Tax Cuts
Earlier today, Congressman Jodey Arrington (R-TX) and Congressman Henry Cuellar (D-TX) and Senator Tom Cotton (R-AR), on a bipartisan, bicameral basis, introduced the Estate Tax Rate Reduction Act of 2021 (H.R. 3178 and S 1627). This legislation would reduce the...
May 4, 2021 | Blog, Death Tax, Estate Tax, In The News, Policy And Taxation Group
How each one handled the challenges posed by the pandemic By Patricia N. Soldano & Dawn S. Markowitz Mention the word “COVID-19” to a family business owner, and it’s a sure way to elicit a variety of responses. For some, the pandemic brought new and innovative...
Mar 30, 2021 | Blog, In The News, Policy And Taxation Group
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. Biden Administration Labor Leadership Update On Monday, March 22, the Senate voted 68 to 29 to confirm Mayor Marty Walsh as the next Secretary of Labor. He is the last...
Mar 17, 2021 | Blog, In The News, Tax Cuts
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. Over The Weekend Now that the American Rescue Plan (P.L.117-2) has been enacted, lawmakers are pivoting to consider economic recovery legislation. Up first in House will be...
