Estate Tax Exemption – 2016 Update
In 2011, the American Tax Payer Relief Act (ATRA) changed the rules for the gift tax, estate tax, and generation-skipping transfer (GST) tax exemptions by creating a unified exemption amount that is indexed for inflation. The ATRA created a base exemption amount of $5 Million, which has been steadily increasing due to annual inflation adjustments. Please click on the link …
Entrepreneurship of All Kinds
On Tuesday November 3rd, PRW Principal, Co-Founder and Babson College Trustee Rick Renwick took part in an event at The Atrium at the John Joseph Moakley United States Courthouse celebrating “Entrepreneurship of All Kinds®”. Sponsored in part by The Greater Boston Chamber of Commerce, Babson College and Citizens Bank, the event featured discussions with some of Boston’s top entrepreneurs, including …
Bipartisan Budget Act of 2015
On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015, legislation that raises the federal debt limit and establishes the framework for a two-year budget deal. The legislation, needed to avoid an impending default on U.S. debt, also contains multiple unrelated provisions, including an elimination of two Social Security retirement benefit claiming strategies and a …