The 2017 tax reform legislation colloquially referred to as the Tax Cuts and Jobs Act (the Act) made some significant changes in the taxation of individuals, and these changes have already begun to generate new planning...more
2/7/2018
/ 529 Plans ,
Alternative Minimum Tax ,
Child Tax Credit ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Itemized Deductions ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Tax Reform
Many years ago, Duke Ellington wrote the music to "Do Nothing 'Til You Hear From Me", and this remains good advice when deciding what to do about the new tax law. There are many changes in tax provisions that will take effect...more
After much wrangling and dealmaking, both houses of Congress have passed bills making substantial changes to federal tax law. Although it's not entirely certain, it seems likely that there will shortly be agreement on a tax...more
It now seems more likely that a tax bill of some kind will be passed by Congress this year. One prominent DC tax lobbyist told me: "This is happening." Whether or not you agree with all of the provisions now being offered...more
As we enter the beginning of a new administration in Washington, many provisons of federal law are being considered for possible changes. At this point (January 28, 2017) it's not possible to say what will be changed and...more
The U.S. Supreme Court’s ruling in United States v. Windsor will forever change many facets of the lives of same-sex couples....more
7/1/2013
/ DOMA ,
Equal Protection ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Joint Tax Returns ,
Portability ,
Retirement Plan ,
Same-Sex Marriage ,
SCOTUS ,
Tax Exemptions ,
US v Windsor
While most of us were celebrating the new year, members of the U.S. House and Senate were trying to prevent a fall over the dreaded "fiscal cliff," the combination of automatic tax increases and automatic reductions in...more
1/5/2013
/ Alternative Minimum Tax ,
American Taxpayer Relief Act ,
Capital Gains ,
Charitable Donations ,
Dividends ,
Estate Tax ,
Fiscal Cliff ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Portability ,
Tax Extensions