The Deceased Spouse’s Unused Exemption Amount: a Spouse’s Final Gift

Feb 7, 2023 | Estate Planning, Tax Law

Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election as part of the 2010 Taxpayer Relief, Unemployment Insurance Reauthorization, and Job Creation Act and...

Retirement Planning Update

Feb 7, 2023 | Tax Law

Although we are still in the midst of winter, spring is on its way. It is important to remember upcoming April deadlines for retirement contributions and required minimum distributions (RMDs), but there have also been some recent developments that may impact your...

Tax Season Is Just around the Corner

Jan 26, 2023 | Estate Planning, Tax Law

For everything there is a season, and it will soon be the season for taxes. Although it always seems to arrive too quickly, you will start to receive important tax documents by January 31. Whether you are filing as an individual or administering an estate or trust,...

Hurricane Ian Tax Relief

Oct 5, 2022 | Announcements, Tax Law

Written By: Ken Crotty, J.D., LL.M. On September 29, 2022, the Federal Emergency Management Agency (“FEMA”) declared a major disaster in the state of Florida, affecting all 67 counties.     As a result of the disaster declaration, the IRS announced that certain...