The federal estate tax exemption is scheduled to plummet in 2026.
Many cash payments over $10,000 will have to be reported by companies electronically starting in 2024.
Advisors have two years to plan for the sunset of certain provisions of the 2017 Tax Cuts and Jobs Act.
These investment agreements don't have the benefit of clear IRS guidance, advisors say.
Despite the scrutiny, however, advisors say it remains a good option for businesses.
It's important that advisors and tax professionals work well together for the sake of the client.
Wealthy clients have had their hands full with tax considerations this year, including recent law changes and the sunsetting of many provisions of the Tax Cuts and Jobs Act (TCJA) at the end of...
Advisors say it's crucial to plan now for tax law changes that may not happen for several years.
Advisors preach patience when clients expect hefty capital gains from selling a business.
A national wave of retiring CPAs means that clients have to be careful about whom they hire, advisors say.
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