December 2020

To Gift or Not to Gift: Year-End Gifting Considerations in Light of Biden’s Proposed Tax Plan

As it becomes increasingly certain that President-Elect Joseph R. Biden, Jr. will take office in January, 2021, almost everyone is interested in President-Elect Biden's tax proposals. While many know that part of his proposal is an increase in federal inco…

March 2020

Extension of April 15th Tax Payment and Filing Deadline in Response to COVID-19

On March 21, 2020, the Treasury Department and Internal Revenue Service (IRS) announced that the Federal income tax filing and payment due date will be automatically extended until July 15, 2020.Any individual, trust, estate, corporation, or unincorporated…

February 2020

New Retirement Benefit Rules Under the SECURE Act

What is the SECURE Act?The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on December 20, 2019 as part of the Further Consolidated Appropriations Act 2020, with most provisions effective January 1, 2020. Qualified Plan parti…

October 2019

Estate and Gift Tax Planning Opportunities in a Low Interest Rate Environment

As many of our clients and their professional advisors are well aware, we are in a period of historically low interest rates. Although such an environment poses some challenges, it also creates a number of opportunities for efficient estate and gift tax pl…

March 2017

Trusts & Estates 2017 Tax Update

This article summarizes federal and state wealth transfer and income tax laws that could affect your estate planning and discusses strategies for tailoring your estate plan to maximize tax savings.Federal Estate and Gift Tax. The current federal estate, gi…

December 2016

What Changes Might We Expect with Trump Presidency?

As a result of the recent election, both the executive and legislative branches of the federal government will be under Republican control. President-elect Donald Trump and the House Republicans have formulated their own tax plans, and changes to the tax c…