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24
Sep

Do Deathbed Gifts Really Work?

September 24, 2019

By: Dario Arezzo

A previous Tax Talks post discussed how individuals can pass away with over $11.4 million worth of assets federally. The post also covered the benefits of passing assets through the estate process. This led some astute observers to ask about deathbed transfers, which is the topic of this post.

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Posted In: Tax Talks

Tags: estate planning, generational transfer, tax planning, taxes
29
Aug

Bonus Depreciation Relief

August 29, 2019

By: Dario Arezzo

The IRS has provided guidance for taxpayers who wish to either make or revoke an election for bonus depreciation. This relief applies for property acquired after September 27, 2017, and placed in service for the tax year that includes September 28, 2017. The relief also applies to specified plants that are planted or grafted.

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Posted In: Tax Talks

Tags: taxes, tax planning
30
Jul

Major estate planning changes potentially on the way due to SECURE Act

July 30, 2019

By: Dario Arezzo

What is in the SECURE Act that has garnered widespread bipartisan support? Dario Arezzo breaks down the positive provisions but addresses a downside beneficiaries should be aware of, too.

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Posted In: Tax Talks

Tags: estate management, estate planning, legislation, tax planning, tax reform, taxes
27
Jun

Final Regulations Issued on Itemized Deductions

June 27, 2019

By: Dario Arezzo

One of the most talked about reforms enacted in the Tax Cuts and Jobs Act (TCJA) was the limitation on the ability for taxpayers to deduct state and local taxes in excess of $10,000. Dario Arezzo, Senior Tax Consultant, gives readers insight into how to interpret these regulations.

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Posted In: Tax Talks

Tags: regulations, tax planning, tax reform, taxes