Tax and Estate Planning

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2023 BDO Tax Strategist Survey
BDO
With the rise of the Tax Strategist, a trend is taking shape past the normal tax planning: Tax leaders who use a strategic approach are becoming key contributors to driving positive business
How to Reduce Your Risk from Low-Basis Stock
Pitcairn
While it might seem like a great position to hold a concentrated position in a low-basis stock that has appreciated over time, it poses several challenges related to investment risk and taxes. Here
Ten Minute Interview: How to Avoid Paying Even More Taxes
Foley & Lardner
While the tax environment has become more complex for businesses, there are opportunities to minimize their tax burden on the state and local level. In this 10-minute interview, attorney Lynn Gandhi
The Sunset of the Gift and Estate Tax Exemption is Around the Corner
Baker Tilly
When the Tax Cuts and Jobs Act (TCJA) was passed in late 2017, the “sunsetting” of many of the provisions in 2026 seemed far away. Among those of benefit to high-net-worth individuals was
We May Never See a Better Environment for Transferring Wealth … Here’s Why
BDO
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the
Jurisdiction Comparison for Wealth Transfer Planning
Willow Street Group
For one reason or another, many families are reevaluating and modifying their fiduciary structures. To assist in these discussions, a reference summary of state laws is provided for consideration
IRS Streamlined Offshore Procedures May Be Used to Rectify Delinquent U.S. Reporting Obligations
Kozusko Harris Duncan
U.S. tax and information reporting obligations have become an increasing concern for international families and their succession planning structures. Missed or late filings can result in steep
State Income Tax Planning with ING Trusts
Baker Tilly
Residents in 43 states pay state income tax, with the highest rate being 13.3%. When combined with the top federal marginal tax rate and the net investment income tax, residents subject to the
Global Family Business Tax Monitor 2023
KPMG
With more business families going global, it’s imperative that family businesses consider the tax implications as well as the business and personal factors when planning a family business
12 Tax-Smart Charitable Giving Tips for 2023
Schwab Advisor Family Office
Persistent inflation and high interest rates have driven up costs and negatively affected charities. As a result, taking an efficient, tax-smart approach to maximizing donor impact has never been