Individual, Estate, and Gift Taxation

The PATH Act of 2015, recently signed into legislation by the President, reaches more than just small businesses and their owners; there are provisions made permanent by this act that will affect individual taxpayers, too.

What is the IRA Charitable Rollover Provision?

The IRA charitable rollover provision allows taxpayers to exclude up to $100,000 annually of...

One of the most effective estate planning tools is also one of its most rewarding - charitable giving. If you happen to be charitably inclined, there are a plethora of techniques to choose from. The challenge is matching your charitable wishes while maximizing your tax savings. In the final blog in observation of NEPAW, we will be reviewing effective strategies for charitable giving both...

When it comes to retirement planning, you did exactly what you were supposed to do; maximized contributions to your retirement plan, maximized your employer's contribution to your plan, and then let it grow unfettered until retirement. For many, your retirement plan(s) are now the largest asset in your estate, and it has an unenviable built in tax liability. Proper planning can help avoid...

In continuing our observation of NEPAW, I think it's important to examine the increasingly effective, but often complex, area of tax basis planning. As discussed in my previous blog, the heightened importance of income taxes while planning one's estate may lead to gifting and shifting of income during one's lifetime. However, it may also mean that it is more advantageous to hold on to your...

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