WHAT 199A REGULATIONS MEAN FOR YOUR CLIENTS TAX-SAVING OPPORTUNITIES FOR BUSINESS OWNERS

Are any of your business-owning clients curious about the new Section 199A deduction? Although the deduction became effective on January 1, 2018, guidance on how it would be calculated was delegated to the Internal Revenue Service (IRS) by Congress. For months, financial and tax professionals have speculated about various aspects of this new deduction since […]

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OFFSHORE VOLUNTARY DISCLOSURE OPTIONS AFTER THE END OF THE OFFSHORE VOLUNTARY DISCLOSURE PROGRAM

The IRS is ending the 2014 offshore voluntary disclosure program (“OVDP”) on September 28, 2018.  The Internal Revenue Service (“IRS”) has not provided clear guidance on what will happen to taxpayers who make voluntary disclosures after the end of this month.  If there are no new voluntary disclosure procedures for willful noncompliance, taxpayers will not […]

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Estate Planning under the Tax Cuts and Jobs Act Basis Step-Up Planning

Estate tax planning for decades has revolved primary around maximization of the estate and gift tax applicable exclusion amount.  The Tax Cuts and Jobs Act (“TCJA”), signed into law December 22, 2017, significantly increased the estate and gift tax applicable exclusion amount.  With the recent enactment of the TCJA, the applicable exclusion amount has increased […]

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Tax Cuts and Jobs Act Should Prompt Second Look at Foreign Investment in US Real Estate

The 2017 Tax Cuts and Jobs Act (“TCJA”) made several key changes that impact the investment of non-US persons in US real estate.  The TCJA signed into law December 22, 2017, is the most comprehensive tax reform in over thirty years.  The Changes to the TCJA that affect US taxation of cross-border investment should prompt […]

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Cross-Border Mergers and Acquisitions Under the Tax Cuts and Jobs Act

The 2017 Tax Cuts and Jobs Act (“TCJA”) made several key changes that US taxpayers will need to review in structuring cross-border mergers and acquisitions.  The TCJA signed into law December 22, 2017, is the most comprehensive tax reform in over thirty years and requires new considerations in this area, including the taxation of controlled […]

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New to Incapacity Planning for Clients?

Get Up to Speed with This Quick Overview Incapacity planning keeps money under management, provides an opportunity for product sales, and protects your clients. It’s a win/win because estate planning is not just having a plan in place to deal with a client’s death; it’s also about having a plan in place to deal with […]

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Tax Examination and Appeals Series – The Internal Revenue Service’s Basic Organization, Authority, and Sources

This is the first article in a series of articles on tax examination and appeals.  The goal of the series is to provide an overview of tax examinations and appeals, provide an overview of what happens at each stage of tax examinations and appeals, and provide tips how to handle each stage. Under the federal […]

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Taking Full Advantage of the 2017 Tax Cuts and Jobs Act Key Points to Discuss With Your Clients

Like all things, tax laws are constantly changing. An important part of serving your clients is responding quickly and strategically to new developments in the tax law landscape. But at the same time, a knee-jerk reaction is rarely the best course of action—often resulting in unforeseen complications in the future. The best decisions are made […]

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