A new Webcalculator for “grantor retained annuity trusts” (GRATs) is now up and running. … Continue reading
Tag Archives: Federal gift tax
The Internal Revenue Service has released Rev. Proc. 2018-57, 2018-49 I.R.B. ___ (12/3/2018), with the official inflation adjustments for 2019. The published adjustments for income taxes differ in many cases from the inflation adjustments that were published here in September, … Continue reading
With the release of the Chained Consumer Price Index (C-CPI-U) for August 2018, it’s possible to calculate various inflation adjustments for 2019. The following are the significant federal estate planning numbers, with the numbers for 2018 shown in parentheses: The … Continue reading
This is an overview/explanation from Webcalculators. (For additional information about grantor trusts, see “Intentional Grantor Trusts in Pennsylvania.”) … Continue reading
This is an overview/explanation from Webcalculators: … Continue reading
This is an overview/explanation from Webcalculators: … Continue reading
The Internal Revenue Service has released Rev. Proc. 2018-18, 2018-10 I.R.B. 392 (3/5/2018), which modifies and supersedes certain sections of Rev. Proc. 2017-58, 2017-45 I.R.B. 489 (11/6/2017), to reflect changes made by P.L. 115-97 (originally titled and still popularly known as … Continue reading
The tax bill formerly known as the “Tax Cuts and Jobs Act” (H.R. 1) is now Public Law No. 115-97. The official title of the act is “To provide for reconciliation pursuant to titles II and V of the concurrent … Continue reading
The revised text of the “Tax Cuts and Jobs Act” (H.R. 1) was released by the joint conference committee last Friday (12/15/2017), and the Republicans seem to have enough votes in the House and the Senate to pass the bill … Continue reading