In light of the Tax Cuts and Jobs Act currently being reconciled in the Congressional Conference Committee, consider several year-end charitable giving maneuvers to capitalize on upcoming tax law [...]
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By including micro captives on the list, the Service has telegraphed that it will continue vigorously challenging micro-captive arrangements. For three consecutive years, the Service has targeted [...]
The House Ways and Means Committee has just released a proposed tax bill that is a long way from being enacted into law. Many of its features are likely to be eliminated, modified or combined [...]
On November 2, 2017, the House of Representatives introduced H.R. 1, dubbed the Tax Cuts and Jobs Act. This bill is not law and, in fact, has a long way to go before becoming law – there will be [...]
On October 19, 2017 the IRS released Revenue Procedure 2017-58 (available here), announcing inflation-adjusted figures. In addition to announcing the income tax bracket adjustments due to [...]
Part 1 of this blog post (available here), summarized eight tax regulations identified by Treasury Secretary Mnuchin as needing simplification or being particularly burdensome to the taxpayer. On [...]
In Private Letter Ruling 201736018 issued September 8, 2017, the IRS ruled that an IRA payable to the owner’s estate could be rolled over by the decedent’s spouse. If a spouse is designated as [...]
If you are age 70½ or older, an IRA rollover is a simple and easy way to use your individual retirement account to reduce taxes and help a charitable organization. Consider the advantages: Your [...]
The 0% capital gain tax bracket opens up a planning opportunity for higher income parents and grandparents who may be considering gifts or providing support to younger family members in a lower [...]
In tax planning and wealth management, professionals focus on managing capital gains tax liability. Common tools employed in this pursuit include loss harvesting and charitable gifting of [...]
