Farm Credit East Senior Tax Consultant, Dario Arezzo, explains the benefit of an Intentionally Defective Grantor Trust for estate planning and generational transfer purposes, as well as the tax implications.
If you are a sales tax enthusiast, you may be tired of hearing people say the name Wayfair! If you are not such an enthusiast, this is probably the first time you have heard the name. Michele Murray, Farm Credit East Financial Services Leader, explains the general rules of this post-Wayfair environment in our Northeast states.
As we approach the holiday season, or tax-planning season as we like to call it, there are major tax changes that will require proactive planning with your tax professional. The tax law changes that have been in the news may seem overwhelming, but it is more important than ever to spend time optimizing tax strategies to reduce your tax liability. Here are some of the important tax planning strategies to consider.