IRS and Tax Issues

Lifetime exemption sunset: Key considerations for 2024 and beyond

Estate planning is a crucial aspect of financial management, and understanding the current laws and exemptions is essential for maximizing wealth transfer. As we...

Family business tax priorities take shape in Congress

Family business owners recently voiced their tax concerns at the final Congressional Family Business Caucus of 2024.

Capitol Hill Tax Teams focus on salvaging key Tax Cuts and Jobs Act provisions

Meanwhile, legislators and the White House also prepare for the possibility of a TCJA extension, which would come at its own cost.

Supreme Court upholds ‘Connelly’: What it means for family business owners

The high court's decision highlights the critical importance of careful estate planning, selection of insurance products and the potential tax implications of corporate agreements.

The clock is ticking as House members take aim at the estate tax

A new bill introduced by Rep. Jodey Arrington (R-Texas) aims to cut the federal estate tax rate in half — from 40% to 20% — after 2025.