FIPA brings needed flexibility to the allocation of receipts and disbursements between income and principal, giving ...
What else would you add about the estate tax exemption or estate planning? The generation-skipping transfer tax exemption would also be reduced by the sunset of the TCJA tax provisions. This exemption ...
A record-breaking stock market has again generated significant wealth this year. The gift tax, estate tax and generation-skipping transfer tax are ...
Individuals and businesses alike should take the time to ask and answer some simple questions to ensure their estate and ...
The 2025 transfer tax exemption will remain at a historically high level before being reduced by 50% on January 1, 2026 under ...
as well as the less common generation skipping transfer tax, and 2) income taxes, such as earned income taxes, income taxes on investment or capital gains taxes, which are income taxes on property ...
The IRS has published a private letter ruling on Sections 2632 and 2642, and Treasury Regulation Sections 26.2642 and 301.9100, granting the executor of a decedent’s estate an extension of time to ...
A 529 plan can be a valuable tool in estate planning, particularly for families who want to minimize taxes while saving for ...
In particular, NH Bank will use the Fireblocks Tokenization Engine as it explores integrating digital assets into its VAT and other tax refund processes. This also includes its generation-skipping ...
In 2018, as part of the “Trump tax cuts,” the federal estate, gift and generation-skipping transfer (GST) tax exemption was increased to $11,180,000, with annual increases for inflation.