An investment in knowledge pays the best interest.
This is not our typical posting, but felt it was important.
On January 1, 2020, Florida’s county courts will see their civil jurisdiction jump from $15,000 to $30,000. This is the first increase since 1992. This amount increases to $50,000 in 2023.
On November 18, 2019, I participated in an update and discussion from the TEGE Exempt Organizations Council. Ahead of this update, Margaret Von Lienen, Director of IRS Exempt Organizations, provided statistics regarding the 2019 fiscal year.
Recently the Elder Law Listserv has had a series of comments regarding documentary stamps on transfers between spouses. This article briefly covers this topic as well as provides an update on current law.
Congress enacted the Taxpayer First Act of 2019 (“TFA”). This Act became effective July 1, 2019, although some provisions have a later effective date. This Act is almost completely focused on IRS procedures and operations. It has been described as the largest change to IRS structure and procedure in 20 years.
What is commonly referred to as the Tax Cuts and Jobs Act (TCJA) changed the law by disallowing deductions for entertainment, amusement or recreation expenses. This left many wondering “what about business meals”?
With a significant increase in the estate tax exemption amount, it is worth reviewing some of the tax aspects of immediate pre-mortem planning. While estate taxes are still a concern for some clients, for most clients, the main issue is the basis of the estate’s assets, as it has been for many years. Tax planning as part of estate planning is basis planning. For many, it is all about the basis.