by Arthur Geffen | May 21, 2024 | Dallas Probate Lawyer
In the coming days or weeks, the Supreme Court is expected to release an opinion on Moore v. United States, a case with potentially significant consequences for tax policy. The case revolves around the question of “unrealized income.” Put simply: suppose you have a...
by Arthur Geffen | May 7, 2024 | Dallas Probate Lawyer
CPA financial planners need to talk with high-net-worth clients now about the idea of shifting ownership of millions of dollars in assets before the estate and gift tax basic exclusion is essentially cut in half on Jan. 1, 2026, Bob Keebler, CPA/PFS, said in an AICPA...
by Arthur Geffen | Apr 3, 2024 | Dallas Probate Lawyer
As part of the annual Dirty Dozen list of tax scams, the Internal Revenue Service today renewed its warning to taxpayers concerning pricey Offer in Compromise (OIC) "mills” that aggressively mislead taxpayers into thinking their tax debts can disappear. As in...
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...
