Articles & Publications

On December 20, 2023, the Internal Revenue Service (“IRS”) issued Notice 2024-2 providing guidance, in Q&A format, on 12 specific sections of the SECURE Act 2.0. Per an internal revenue bulletin from the IRS, the notice is not intended. Read More >>

Have you ever thought about turning your hobby into a business? It’s a great idea, but there are some important things you need to know, especially when it comes to your taxes. The IRS has rules to determine whether. Read More >>

Under federal estate and gift taxes rules, a portability election allows a decedent’s unused estate tax exemption amount (deceased spousal unused exclusion amount, or DSUE amount) to be available to their surviving spouse. Background The federal estate tax exclusion. Read More >>

The child tax credit has been getting a lot of attention in the press lately. An updated version of the ChildTaxCredit.gov website was released Monday with new features to assist taxpayers with obtaining the information they need to file. Read More >>

During his April 28 address to a joint session of Congress, President Biden laid out The American Jobs Plan and American Families Plan (Biden Plan), a $1.8 trillion plan that places a priority on “our kids, our families and. Read More >>

The Internal Revenue Service (IRS) has been experiencing several delays and other issues in connection with processing tax returns and payments. Below we’ve highlighted guidance around some of the more common items that our clients are experiencing related to. Read More >>

Our latest Tax Reform Advisor applies to excess business losses, which most directly relates to individuals and the deductibility of business losses from sole proprietorships and pass-through entities – S-corporations and partnerships. Background Previously, the rules for excess losses. Read More >>

Well-crafted, up-to-date estate planning documents are imperative for everyone. They also can help ease the burdens on your family during a difficult time. Two important examples: wills and living trusts. The will A will is a legal document that. Read More >>

Gift Tax is one of the most misunderstood taxes for individuals. Most people think since they will never exceed the lifetime gift exemption ($5,490,000 for 2017) that they do not need to file a gift tax return, but there. Read More >>

  When people think about setting up a trust fund, they often think that trusts are only for the wealthy, which is not the case. Anyone can utilize a trust in their estate plan as an instrument to distribute. Read More >>