Senate Finance Committee Passes Tax Reform

On November 16, the Senate Finance Committee approved its version of tax reform. While more changes to the Senate version are expected, there are several key differences between the Finance Committee’s tax bill and the House’s. here are some highlights: Continue reading

House Passes H.R. 1 – Tax Reform Bill

The House of Representatives today passed its tax bill (H.R. 1) by a 227-203 vote. The bill sets a permanent 20 percent corporate tax rate, doubles the estate and generation skipping tax exemption (leading to repeal in 6 years), institutes a new system for calculating taxation of pass-through… Continue reading

Launching Your Business Video 3 – Infrastructure and Professional Team Building

Please join Wayne M. Zell, Esq. for this third video segment of Episode 1: Launching the Business, which focuses on building the proper infrastructure and choosing your professional team to assist you in starting a new business and building a more successful one. Continue reading

Launching Your Business Video – SWOT Analysis and Valuation Issues

Please join Wayne M. Zell, Esq. for this second video segment of Episode 1: Launching the Business, which focuses on SWOT analysis (strengths, weaknesses, opportunities and threats) and valuation strategies in starting a new business and building a more successful one. Continue reading

Launching Your Business Video-Mission, Vision, Goals, Objectives, Strategy and Tactics

Please join Wayne M. Zell, Esq. for this first video segment of Episode 1: Launching the Business, which focuses on developing the mission statement, vision, goals, objectives, strategy and tactics in starting a new business and building a more successful one. Continue reading

Business Success(ion) Planning Videos Now Available!

Over the next several weeks and months, we will be posting videos from the Business Success(ion) Planning Bootcamp for Advisors, led by Wayne M. Zell, Esq., to enhance the business planning understanding and toolbox of professionals and clients alike. The Bootcamp took place from March through October 2017 and… Continue reading

Corporate Tax Rate Cut Discussions Continue

As reported by BNA, House Ways and Means members are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want — decreased down to 20 percent by 2022. The phase-in plan has been considered, but may not yet be final, as deliberations… Continue reading

Estate/Gift Exemption and Exclusion Rise in 2018

The IRS has announced that the applicable exclusion amount (i.e., lifetime estate tax and gift tax exemption) and the GST lifetime exclusion amount have increased to $5.6 million per individual effective January 1, 2018. Also, the annual gift tax and GST tax annual gift exclusion will increase to $15,000 on January 1, 2018.

Niche Estate Planning for Digital Assets, pt. 5/5

Please join Wayne M. Zell, Esq., for this video presentation of his Estate Planning Bootcamp for Financial Advisors, Session 6, part 5 of 5. This video focuses on niche-based strategies, with special emphasis on planning for digital assets. (Recorded on 10/19/16)

Treasury Withdraws Valuation Discount Regs!

On October 2nd, the Treasury Department announced that it is withdrawing the proposed regulations under Code Section 2704 (introduced in August 2016) that would have adversely affected taxpayers’ ability to use valuation discounts in transferring closely held business interests to family members and trusts for their benefit.

As stated in… Continue reading