From 2020 to 2023, there was a high degree of uncertainty in the future of tax and estate planning. With significant elections and mixed predictions, estate and tax advisors demonstrated...
In President Biden's recent State of the Union Address, he called on corporations and wealthy taxpayers to pay their "fair share" through proposals to end tax breaks...
Individual taxpayers who itemize deductions on their federal income tax returns generally can offset federal taxable income for taxes paid to state and local governments.
U.S. citizens and residents who have received gifts (including bequests) exceeding certain thresholds from foreign persons must generally report such gifts to the IRS. Recipients...
On March 11, 2024, the Biden Administration released the Fiscal Year 2025 Budget, and the "General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals,"...
Over the last three months, public statements by U.S. Treasury and Internal Revenue Service officials have suggested that they are in the process of significantly revising...
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