by Arthur Geffen | Mar 19, 2024 | Dallas Probate Lawyer
Following the enactment of the Tax Cuts and Jobs Act in 2017, the federal estate and gift tax exemption was increased from $5.49 million per person to $11.18 million, which allowed for a substantial increase in what taxpayers were allowed to transfer both during their...
by Arthur Geffen | Mar 4, 2024 | Dallas Probate Lawyer
Since it was enacted, we’ve been aware of the Tax Cuts and Jobs Act’s built-in “sunset” date of December 31, 2025. Come the first day of 2026, almost all of the legislation’s significant changes to tax-related provisions will revert to what existed before the TCJA was...
by Arthur Geffen | Jan 25, 2024 | Dallas Probate Lawyer
SEE: Foreign Residents Must Consider US Estate Tax When They Invest (bloomberglaw.com) Arthur H. Geffen Attorney & Counselor at Law 17330 Preston Rd., Suite 200D-260 Dallas. TX 75252 469-442-2640 214-447–0241 FAX...
by Arthur Geffen | Jan 22, 2024 | Dallas Probate Lawyer
The great billionaire wealth transfer means people born very, very rich are going to stay very, very rich. <![if !supportLists]>· <![endif]>Share this on Twitter (opens in new window) <![if !supportLists]>· <![endif]>SHAREAll sharing options In...
by Arthur Geffen | Jan 9, 2024 | Dallas Probate Lawyer
When I first got into tax, I learned one simple rule to always follow: if you think of some clever way to avoid or reduce tax that hasn’t been done before, you haven’t found the reason why it won’t work. There are a lot of very smart tax attorneys out there who are...
by Arthur Geffen | Jan 3, 2024 | Dallas Probate Lawyer
There is a new Federal law that became effective January 1, 2024, that affects your company. The Corporate Transparency Act creates a national database of beneficial ownership information associated with U.S. companies, to combat terrorism, tax evasion,...
