Charitable Giving Can Lower Estate Tax Burden

Jan 3, 2023 | Tax Law

Under the Tax Cuts and Jobs Act, in 2026, the basic exclusion amount will drop to less than half of the current amount, so plan wisely Under the current tax laws, it is easy to forget that the imposition of an estate tax could drastically reduce the amount you plan to...

Is Investing In Opportunity Zones a Good Idea?

May 24, 2022 | Tax Law

Congress created Opportunity Zones under the Tax Cuts and Jobs Act of 2017 as an economic development tool to encourage investment in distressed areas. The Act created three main incentives to spur capital investment, providing the following benefits to investors: •...

SBA Liquidity Assistance for Businesses – In the Form of Forgivable Loans and Non-Forgivable Disaster Loans

Mar 27, 2020 | Banking Law, Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and finance law, Coronavirus and tax law, Tax Law

On March 27, 2020, the U.S. House of Representatives passed the COVID-19 stimulus bill, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), which provides much needed assistance for small businesses. The Paycheck Protection Program is...

Coronavirus Tax Relief

Mar 23, 2020 | Coronavirus, Coronavirus and tax law, Tax Law

The U.S. Department of the Treasury has recently issued a series of Notices which grants automatic relief to taxpayers. Due to COVID-19, the traditional April 15 deadline for filing and paying federal taxes has now been extended to July 15, 2020. This extension...
Malcare WordPress Security