Preservation | Family Wealth Protection & Planning

Subscribe

Blog Editors

Topics

Archives

Posts in Taxes.
By Trusts & Estates Practice Group on July 19, 2019 at 9:00 AM

AFRs updateThe Internal Revenue Service has released the Applicable Federal Rates (AFRs) for August 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Facebook Twitter LinkedIn Google+ Email
By Keith Grissom on June 28, 2019 at 11:30 AM

The word "tax" spelled out with wooden blocksOn June 21, 2019, the U.S. Supreme Court unanimously decided in favor of a taxpayer trust, finding that the state of North Carolina could not tax the trust merely because a trust beneficiary, who received no trust income or right to demand income, resided in North Carolina.

Facebook Twitter LinkedIn Google+ Email
By Trusts & Estates Practice Group on June 25, 2019 at 1:15 PM

IRS releases AFRs for July 2019The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for July 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for July 2019:

Facebook Twitter LinkedIn Google+ Email
By Trusts & Estates Practice Group on May 1, 2019 at 4:10 PM

AFRs for May 2019The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for May 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for May 2019:

Facebook Twitter LinkedIn Google+ Email
By Garrett Reuter, Jr. on February 21, 2019 at 9:35 AM

Women turning back the hands of a clockHow many times have you prepared your income tax returns for the previous year, only wishing you knew then what you know now, so you could go back and make more advantageous tax decisions? In most cases, you are stuck with the decisions you made before the new tax year began, even though you may not have all of the relevant tax information available to assist with those decisions until several months into the new tax year. Too bad for you, says the IRS, unless you are an estate or trust.

Facebook Twitter LinkedIn Google+ Email
By Trusts & Estates Practice Group on February 19, 2019 at 1:30 PM

IRS lists AFRs for March 2019The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for March 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for March 2019:

Facebook Twitter LinkedIn Google+ Email
By Trusts & Estates Practice Group on February 4, 2019 at 10:10 AM

IRS releases AFRs for February 2019The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for February 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for February 2019:

Facebook Twitter LinkedIn Google+ Email
By Trusts & Estates Practice Group on December 27, 2018 at 10:10 AM

IRS announces AFRs for January 2019The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for January 2019. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for January 2019:

Facebook Twitter LinkedIn Google+ Email
By Keith Herman on November 26, 2018 at 1:20 PM

Piggy bank sitting on top of a pile of tax return papersWith an estate tax exemption of $11.18 million in 2018 (rising to $11.4 million in 2019), estate planning has been turned on its head. For most people, estate taxes are no longer an issue, and the increased exemption provides options for reducing capital gains taxes. For those families with estates over $22.8 million, the new gift/estate tax exemption provides additional opportunities for estate tax planning.

Facebook Twitter LinkedIn Google+ Email
By Keith Grissom on November 20, 2018 at 10:40 AM

Calculator on top of a tax return, focused on the charitable giving portion of the form.The Tax Cuts and Jobs Act of 2017 brought a myriad of changes to the tax law, including for individual taxpayers. While certain deductions that were available to individuals have now been limited — e.g., the $10,000 limit on the state and local income tax (SALT) deduction — the standard deduction has increased to $24,000 for a married couple filing jointly and $12,000 for single filers. In 2017, the standard deduction was $12,700 for a married couple filing jointly and $6,350 for single filers.

Facebook Twitter LinkedIn Google+ Email

This website uses cookies to improve functionality and performance. If you choose to continue browsing this website, you consent to the use of cookies. Read our Privacy Policy here for details.