Join Us for FGMK’s 2019 Year-End Tax and Business Planning Webinar
In the wake of the 2017 Tax Cuts and Jobs Act, 2018 has become one of the most challenging tax years in recent memory. Coupled with recent regulatory guidance (related to the Partnership Tax Audit rules) and the Supreme Court decision in the Wayfair case (relating to state sales tax nexus), 2018 presents virtually all …
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Listen to FGMK’s 2018 Year-End Tax and Business Planning Webinar
In the wake of the 2017 Tax Cuts and Jobs Act, 2018 has become one of the most challenging tax years in recent memory. Coupled with recent regulatory guidance (related to the Partnership Tax Audit rules) and the Supreme Court decision in the Wayfair case (relating to state sales tax nexus), 2018 presents virtually all …
Continue reading "Listen to FGMK’s 2018 Year-End Tax and Business Planning Webinar"
Strategies to Maximize Charitable Giving Under the Tax Cuts and Jobs Act of 2017
Article prepared by Tax Senior Manager Phil Levsky With the Tax Cuts and Jobs Act of 2017 (the “TCJA”) increasing the standard deduction to $24,000 for joint filers and $12,000 for single filers, taxpayers with taxable income under these thresholds will receive a tax benefit for making charitable contributions. This alert discusses three potential strategies …
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Favorable Guidance Afforded Taxpayers Making Substantial Taxable Gifts
The Tax Cuts and Jobs Act enacted in December 2017 provided a profound benefit for those holding large estates; that is, the estate and gift tax exemption increased from $5.49 million per individual in 2017 to $11.18 million in 2018 (increasing to $11.4 million in 2019). Many estate planners have been urging their wealthy clients …
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