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A new year means increased exemption amounts and updated tax brackets. Should the latest version of the Build Back Better Act (“BBBA”) be adopted, it would impose “high-income” tax surcharges on high income earners and irrevocable trusts. Strategic planning may help minimize these taxes.
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Should the latest version of the Build Back Better Act (“BBBA”) be adopted, it would impose “high-income” tax surcharges starting at just $200,000 of income for irrevocable non-grantor trusts, while individuals would not be subject to the surtax until their incomes reached much higher levels ($5 mil
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As we enter the holiday shopping season, you may notice some businesses advertising that they are “B Corps”. Are B Corps just a marketing gimmick, or are there real tax, legal and business advantages to them?
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Taxpayers can deduct up to $300 per person ($600 per couple) for qualified charitable cash donations in 2021, even if you don’t itemize.
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My grandmother owns a cottage in central Wisconsin on a quaint little lake that I have visited for longer than I can remember. A few years ago, the discussion arose about how to best transfer the property for future generations. As my grandmother found out, when your grandson is an estate planning
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Members of Congress are proposing major changes to the tax code which, if passed, might play a very bad trick on your estate plan and your investment returns.
Meet with a knowledgeable attorney who specializes in your area of law.