New tax legislation signed into law by President Trump and Congressional Republicans provides a $1.5 trillion tax cut that favors wealthy Americans and large businesses. It is also so complex that accountants, tax lawyers and tax planners will be busy for years finding ways to benefit their clients. While the Internal Revenue Service must still […]
Find Out How the New Tax Bill Impacts You and Your Estate Planning
Which estate planning tools best suit your financial circumstances? How does the new Tax Bill signed into law December 22, 2017 provide opportunities to transfer wealth to future generations? And who can help you to identify the estate plan structure most beneficial to your needs? These and other estate tax law questions are squarely on […]
Reconciliation Reached – Tax Reform Proposal – Tax Cuts and Jobs Act
On Friday December 15, the conference committee reached an agreement to reconcile the discrepancies between the House and Senate tax bills and released their compromised bill, which proposes sweeping changes for businesses, trusts, and individuals. Following is a summary of some of the key changes. Unless otherwise noted, the changes would be effective for tax years […]