Health Care Reform Dropped; Congress Turns to Tax Reform

House Republican leadership abruptly pulled the health care bill and will now turn to tax reform.  Not repealing the Affordable Care Act creates a major problem for tax reform efforts, because Republicans no longer have the billions in savings from stripping the Affordable Care Act’s taxes and subsidies.… Continue reading

Invitation to 3/22 Business Planning Seminar

Please join Wayne Zell on 3/22/17 where he will provide tools to help your clients launch their businesses successfully. For an invitation, please click here.

Legislation Introduced to Prevent Enactment of Valuation Rules

Sen. Marco Rubio (R-Fla.) and Rep. Warren Davidson (R-Ohio) reintroduced legislation to prevent the IRS from enacting its highly controversial estate valuation discount proposed regulations introduced in August 2016. The proposed regulations were purportedly designed to stop abusive practices where valuation discounts were being used solely as an estate tax… Continue reading

Will the Estate Tax be Repealed in 2017?

Sen. John Thune (R-SD) announced that he and other Republicans will push for repeal of the federal estate tax in 2017 as part of more comprehensive tax reform, in lieu of trying to get Congress to prevent the finalization of the 2704 valuation discount regulations in 2016. For more on… Continue reading

Another Summary of Trump and Republican Tax Proposals

Now that the election is over, tax reform is high on the agenda of the President-Elect and the Republican controlled Congress. For an excellent summary of the Trump and Republican Blueprint Tax Proposals by Andersen Tax, please click here.

10 Differences Between Clinton and Trump Tax Plans

Here is a summary of the top 10 differences between the Clinton and Trump tax proposals as outlined in their various position papers and on their web sites:

  1. Individual Tax brackets – Clinton would create 8 tax brackets with a new top tax rate of 43.6% on income in excess… Continue reading

Good News for New Jersey Residents!

At least on the estate planning front, there is good news for New Jersey residents!  The New Jersey estate tax exemption, currently the lowest in the nation at $675,000 per person, will increase to $2 million after January 1, 2017, and then will be eliminated beginning in 2018. The… Continue reading

IRA Legacy Trusts and Retirement Planning

Please join Wayne M. Zell, Esq., for this video presentation of his Estate Planning Bootcamp for Financial Advisors. This segment focuses on the use of IRA Legacy Trusts and planning for leaving a legacy properly with your retirement assets.  (Recorded 5/18/2016, Session 3 of 6, part… Continue reading

Comprehensive IRA and Retirement Planning

Please join Wayne M. Zell, Esq., for this video presentation of his Estate Planning Bootcamp for Financial Advisors. This segment focuses on titling assets as tenants by entirety, leaving a legacy, and proper retirement plan and IRA beneficiary designations.  (Recorded 5/18/2016, Session 3 of 6, part 1,… Continue reading

Estate Planning Bootcamp, Basic Estate Planning Reviewed

Please join Wayne M. Zell, Esq., for this video presentation of his Estate Planning Bootcamp for Financial Advisors, which first reviews the basics of estate planning.  In this segment, Mr. Zell focuses on the need for an estate planning team, avoiding intestacy, wills basics, powers of… Continue reading