by Arthur Geffen | Jan 18, 2019 | Misc
MasterCard is adding a safety net policy for anyone who forgot cancel a free trial, according to a blog post. Merchants often let customers try out their product for a set number of days before charging the subscription fee. It’s frustrating, though, when...
by Arthur Geffen | Jan 17, 2019 | Income Tax, Trusts
The U.S. Supreme Court has announced it will hear a trust tax case that has significant implications for states and trust beneficiaries: Hundreds of millions of dollars of annual tax revenue hang in the balance. “It’s a big development,” says Carol Harrington,...
by Arthur Geffen | Jan 17, 2019 | Tax Planning
Tax reform ushered in major changes for the U.S. taxation system for the 2018 tax year, with the Tax Cuts and Jobs Act introducing new rates and brackets, expanded deductions and credits, and new limits on certain tax breaks. You probably had to do some pretty...
by Arthur Geffen | Jan 9, 2019 | Estate Tax, Gift Tax
The IRS has published new guidelines relating to estate and gift tax changes for 2019. Starting this year, estates of decedents who die during 2019 have a basic estate tax exemption amount of $11,400,000 (increased from $11,180,000 in 2018). This means that the estate...
by Arthur Geffen | Jan 9, 2019 | Tax
To the relief of millions of Americans expecting tax refunds in the next few months, the IRS and the Trump administration recently announced that the start of tax season and the issuance of tax refunds would not be affected by the government shutdown, even if...
