Choosing Guardianship for Seniors – Five Factors for Consideration

By Melody Lynch A guardianship is a wonderful vehicle to assist seniors and their families in certain difficult situations. Filing a petition for appointment of a guardian over a loved one is

Republicans Announce Tax Reform Framework, Which Includes Repealing Estate Tax

By:  Amanda Wilson After months of speculation, President Trump and the Republicans have announced their framework for tax reform.  While specific details are not known, the key elements of the framework include:

Treasury Plans to Pull Unpopular Discount Regulation

By:  Amanda Wilson As discussed earlier this summer, Treasury and the IRS identified as a burdensome regulation the Proposed Regulations under Section 2704 of the Internal Revenue Code, which regulations would severely

Proposed Regulations Limiting Discounts on Family Gifts Targeted for Reform

By:  Amanda Wilson Last summer, we discussed the IRS’s issuance of new Proposed Regulations under Section 2704 of the Internal Revenue Code, which regulations would severely impact discounts on gifts made to

Governor Scott’s New Law To Lower Sales Tax Rate On Commercial Leases

On May 25, 2017, Governor Scott signed HB 7109 into law. The new law will lower the sales tax rate on commercial leases under Florida Statute Section 212.031 from 6% to 5.8%. The

Have a Partnership or S Corporation? Return is Due This Wednesday (March 15th)

By:  Amanda Wilson As I previously discussed (here), the federal tax due date for partnership and corporate tax returns changed for tax years on or after 2016.  This means that the new

Estate Planning 101: 4 Must-Have Documents When Planning Your Estate

President Abraham Lincoln. Civil rights activist Martin Luther King, Jr. Rock guitarist Jimi Hendrix. Eccentric billionaire Howard Hughes. Singer/songwriter Bob Marley. NFL quarterback Steve McNair. Singer/songwriter Prince. What do these famous people

IRS Issues Proposed Regulations That Will Severely Impact Discounts for Gifting to Family

By Julie Frey Discounts for gifts of closely held business interests to family members may be significantly restricted soon.  On August 2, 2016, the Internal Revenue Service issued new Proposed Regulations under Section

IRS Proposes Regulations to Limit Strategy to Avoid Estate Tax

By Jason Palmisano The IRS has issued a notice of proposed regulations to limit the valuation discounts individuals have been afforded when they engage in certain types of intra-family transfers involving their

Plan Ahead to Avoid or Minimize US Estate Tax

  By: Jason Palmisano If you are not a US resident or a US citizen and are considering buying assets in the US, there are ways to avoid or minimize US estate