AFR’s for December
The Section 7520 rate is 1.8% The AFRs are as follows Annual Semi-annual Quarterly Monthly Short-term 0.74% 0.74% 0.74% 0.74% Mid-term 1.47% 1.46% 1.46% 1.46% Long-term 2.26% 2.25% 2.24% 2.24%
President-elect Trump and the End of the Death Tax – Not So Fast
Now that Trump won the Presidency, some are excited and some are frightened as to what this means for the United States of America. Interestingly for our law firm as an estate planning practice is that the repeal of the federal estate tax is found in President-elect Trump’s tax plan. With a Republican led Congress […]
PROPOSED 2704 REGULATIONS (GIFT & ESTATE TAX DISCOUNTING)
Our office recently sent a letter to our clients who could potentially be affected by proposed changes to Section 2704 of the Internal Revenue Code, which may eliminate valuation discounting for gift and estate tax purposes. It is not too late to schedule an appointment to discuss the implications on your estate plan if this […]