Posted on 02/07/2025
Business owners may be eligible for tax-free gains on the sale of qualifying small business stock under IRC §1202
A potentially overlooked tax provision, Internal Revenue Code Section 1202, may allow certain taxpayers who sell stock in a “qualifying small business” to exclude from Read MorePosted on 04/18/2024
How can IRA owners support their favorite charity and still receive lifetime income?
For many years, donors aged 70½ and above have been able to make tax-favored charitable gifts directly from their individual retirement accounts to private foundations Read MorePosted on 04/04/2024
Income Tax Buckets
There are three types of income buckets – taxable, tax-deferred, and tax-free. What’s in your bucket? Read MorePosted on 04/04/2024
Planning for art collections: Rules and tax considerations
Art appraisal is an inexact science yet the preservation of your art collection’s legacy relies on a strategic plan. Developing an estate plan that addresses Read MorePosted on 04/04/2024
Gift tax reporting for transfers to trusts
Incorporating an irrevocable trust into your estate plan can entail a lengthy and challenging process, from crafting a strategic blueprint aligned with your unique financial Read MorePosted on 12/29/2023
Split-dollar life insurance arrangements: Basics, advantages, and disadvantages
Split-dollar arrangements are commonly used in business contexts but also can be advantageous in other situations, for example between an asset owner and a trust Read MorePosted on 11/13/2023
Is it time to review your estate and succession plans?
Estate planning has taken some major turns due to recent tax law shifts. If you thought it’s all about tax exemptions, think again. Even with Read MorePosted on 04/07/2023
How can tax loss harvesting reduce the pain of stock market losses?
While the stock market increased significantly in 2024, not every year will be so positive, and during the inevitable market down turns, investors can experience Read MorePosted on 11/16/2022
Understanding the distinctions between personal goodwill and enterprise goodwill empowers business owners
Chris Anderson of Adams Capital describes the differences between personal goodwill and enterprise goodwill in this article and discusses how these distinctions can have a Read MorePosted on 06/02/2022
Six things you may not know about state estate taxes
Did you know that depending on where you live, you may be subject to state-level estate or inheritance tax? Seventeen states and the District of Read MorePosted on 02/23/2022
The basics of “tax-wise” estate planning for married couples
How can married, high net worth couples incorporate “tax-wise” strategies into their estate planning documents? Read this article from The Nautilus Group to learn about Read MorePosted on 05/12/2021
Estate tax timeline – is history repeating itself?
The Tax Cuts and Jobs Act was one of the most significant tax legislation acts signed into law since the Tax Reform Act of 1986. Read MorePosted on 03/28/2019