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 ...

The use of annual exclusion gifting in 2024 and into 2025 will continue to provide a simple planning tool for individuals looking to maximize transfer tax savings. In 2025, the federal estate, gift, ...

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 ...

Question How Do I Prepare the Form 706 Estate Tax Return? ChatGPT: Preparing Form 706, the United States Estate (and Generation-Skipping Transfer) Tax Return, is a detailed process that typically ...

An overview of Treasury regulation section 26.2642-7 is provided, detailing GST exemption allocation relief request procedures.

A 529 plan can be a valuable tool in estate planning, particularly for families who want to minimize taxes while saving for ...

As 2024 winds down and Americans prepare to celebrate the Thanksgiving holiday, U.S. and international stocks show healthy gains, giving retirement investors reason to cheer. In ...

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 ...

The Tax Law Center recently submitted a comment letter discussing several key issues that should be considered while drafting proposed regulations for the section 45Z clean fuel production tax credit.

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.