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Category Archive for: ‘Taxes’

The SECURE Act

As many of you may know,  Congress recently passed the “The Setting Every Community up for Retirement Enhancement Act of 2019” (SECURE Act).  The Act was voted on in the Senate, with 71‐23 in favor, as part of an eight‐bill, $1.4 trillion spending package signed into law by President Trump on December 20, 2019. It had passed in the House …

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2019 Tax Rates, Tax Deductions and Cost of Living Adjustments

In 2018, we had several major changes to our tax laws brought by the enactment of the “Tax Cuts and Jobs Act.” There is no such major tax act impacting US taxpayers in 2019. A number of rates have changed for 2019, however, as provided. 2019 Tax Rates, Tax Deductions and Cost of Living Adjustments

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New Year, New Tax Law

On December 22, 2017, President Trump signed the new tax law, entitled “The Tax Cuts and Jobs Act” – a summary of which is provided below by PRW’s Estate and Wealth Management Counsel Janice A. Forgays, Esq., CLU: New Year, New Tax Law  

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Identifying and Reducing Tax Regulatory Burdens

Per its Second Report to the President on Identifying and Reducing Tax Regulatory Burdens, Treasury, with the IRS, has decided to withdraw the proposed regulations under IRC §2704 in their entirety. These proposed regulations were designed to eliminate “artificial” valuation discounts for intra-family transfers of interests in family-controlled entities (FCEs) by disregarding any restriction on an owner’s ability to liquidate …

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Tax Reform Update – September 2017

Congress returned to Washington last week with a number of legislative priorities to address by September 30th. Two of the biggest were raising the federal debt limit and passing a bill to keep the federal government funded. Please click on the following link for a tax reform update provided by AALU: AALU Tax Reform Update – September 2017     …

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