Taxation

Gift Tax PlanningGift Tax Planning

Gift Tax Planning

A recent Forbes article by Matthew Erskine, 2022 Transfer Tax Update, suggests that now is the time to make gifts…

3 years ago
Form IRS Form 2848, Power of AttorneyForm IRS Form 2848, Power of Attorney

Form IRS Form 2848, Power of Attorney

If you want someone to represent you in front of the IRS, you will need to execute Form 2848. The…

3 years ago
News Roundup – December 16, 2021News Roundup – December 16, 2021

News Roundup – December 16, 2021

General Sources: Autism Society's Capital Connection 12-16-2021 (reviewing Build Back Better Act) National Health Care Spending in 2020: Growth Driven…

3 years ago
News Roundup – December 8, 2021News Roundup – December 8, 2021

News Roundup – December 8, 2021

General News Sources: NAELA member Janet Colliton, CELA, wrote Eligible Charity Distribution can reduce taxes Lack of special ed teachers…

3 years ago
Build Back Better ActBuild Back Better Act

Build Back Better Act

The Build Back Better Act passed the U.S. House of Representatives on Friday, November 19, 2021 on a mostly party-line…

3 years ago
News Roundup – November 21, 2021News Roundup – November 21, 2021

News Roundup – November 21, 2021

News Sources: Elder Law Attorney Daniel Tully has 9 questions you should ask before you or a loved one goes…

4 years ago
2022 Estate and Gift Tax Exemption Amounts2022 Estate and Gift Tax Exemption Amounts

2022 Estate and Gift Tax Exemption Amounts

In 2022, the annual gift tax exclusion will increase from $15,000 to $16,000 per recipient. In 2022, the estate and…

4 years ago
News Round-up – 9-24-2021News Round-up – 9-24-2021

News Round-up – 9-24-2021

Selected articles from Current Awareness in Aging Research E-Clippings: Staff Shortages Are Hammering Long-term Care Facilities, Home Care Agencies, and…

4 years ago
Estate Tax and Gift Tax Anti-Claw Back RegulationsEstate Tax and Gift Tax Anti-Claw Back Regulations

Estate Tax and Gift Tax Anti-Claw Back Regulations

In 2021, the life-time estate and gift tax exemption is $11.7 million per donee (dead person or giftor). The exemption…

4 years ago
Tax CasesTax Cases

Tax Cases

Transfer of Partnership Interest Was Not Immediate Gift (TC) ------------------------------------------ The tax court was faced with whether gifts petitioners made…

4 years ago