Gift and Trust Taxation

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
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
2021 Tax Rate for Estates and Trusts2021 Tax Rate for Estates and Trusts

2021 Tax Rate for Estates and Trusts

Section 1(e) of the Internal Revenue Code imposes an income tax on estate and trusts. 2021 federal income tax rates…

4 years ago