Tax and Estate Planning

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Tax Implications of Residency Changes
Baker Tilly
Residency changes are often fraught with uncertainty from a tax perspective. States are not known for easily letting go of tax revenue and will often fight hard to keep it. If you have you relocated
Tax Law Changes Are Coming Soon
BMO Family Office
The proposed Build Back America Act, a $1.85 trillion social-policy and climate framework, is working its way through Congress. While the notable prior proposals were absent, the current legislation
Estate Tax Planning in 2021: Uncertainty Abounds but Options Still Exist
BDO
While the gift and estate tax exemption is scheduled to drop to approximately one-half the current amount of $11.7 million on January 1, 2026, there are tax proposals in play that could change the
Planning for the Unknown: Preparing for Potential Tax Increases Under the Biden Administration
BDO
The Biden administration’s American Families and other tax proposals may complicate the tax landscape for high-income owners. Given the real possibility of targeted tax increases on the wealthy
Estate Planning Changes Are Ghosted in Latest Version of Build Back Better Act
Greensfelder, Hemker & Gale, P.C.
As negotiations continue, the latest text of the proposed reconciliation bill, titled Build Back Better Act, is void of many of the prior proposed tax changes that would have upended estate planning.
2021 Tax Outlook Survey and Tax Policy Agenda Video Series
BDO
Increased complexity has become the norm in the world of tax. From the passage of tax reform to new legislation allowing states to levy taxes on remote sales, tax executives have had to flex their
With Change Looming, is 2021 the Peak of Wealth Planning?
Baker Tilly
The political landscape in the U.S. shifted significantly in 2021. With that change, many anticipate major revisions to the tax laws, which will likely make transferring wealth much more difficult.
Charitable Trust Planning: Share your Wealth and Defer Capital Gains
Baker Tilly
High-net-worth individuals who are exploring charitable giving have many different options, but charitable remainder trusts and charitable lead trusts are two straightforward planning vehicles that
U.S. Treasury Proposes New Cryptocurrency Tax Compliance Rules
Rehmann
Cryptocurrencies have rapidly gained market acceptance and the U.S. government is determined to establish rules for reporting cryptocurrency transactions. In the latest proposed tax compliance rules
House Ways and Means Committee Releases Initial Tax Proposals
BDO
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax cuts, which will undergo a round of markups by the Committee. Most