The Corporate Transparency Act (the "Act") is a significant piece of legislation enacted as part of the National Defense Authorization Act for Fiscal Year 2021. The Act was designed to prevent the misuse of corporations and...more
12/1/2023
/ AML/CFT ,
Beneficial Owner ,
Beneficiaries ,
Compliance ,
Confidential Information ,
Corporate Transparency Act ,
Disclosure Requirements ,
FinCEN ,
Internal Revenue Code (IRC) ,
Money Laundering ,
NDAA ,
Penalties ,
Privacy Laws ,
Publicly-Traded Companies ,
Real Estate Investments ,
Tax Fraud ,
Trustees ,
Trusts
There are more estate planning opportunities as a result of inflation-adjusted figures recently released by the IRS. The gift, estate, and generation-skipping transfer (“GST”) tax exemption amounts are each increasing to...more
11/23/2022
/ Beneficiaries ,
Charitable Lead Annuity Trust ,
Estate Planning ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Income Taxes ,
Price Inflation ,
Tax Code ,
Tax Exemptions ,
Trusts
Interest rates that are used for loans to family members, loans to trusts and to value gifts to certain trusts have been further reduced as a result of market conditions driven by the COVID-19 pandemic. These historically low...more
On December 22, 2017, President Trump signed into law new tax legislation (the “2017 Tax Bill”). The 2017 Tax Bill makes sweeping changes to the U.S. tax code, including a reduction in corporate tax rates, significant changes...more
1/2/2018
/ 529 Plans ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Transfer Taxes ,
Trusts