December 2017 – Blueprint for Wealth

Growing and Soaring Video 3-Rocket ship v. Lifestyle businesses

Please join Wayne M. Zell, Esq. for this third of eight videos of Episode 2: Growing and Soaring, which focuses on the difference between rocket ships and lifestyle businesses, and…

Tax Bill-Estate and Gift Tax Changes

Taxpayers will have an $11,200,000 each for estate, gift tax, and generation-skipping tax exemption beginning January 1, 2018, which will rise with the Consumer Price Index each year thereafter. There were no…

Tax Bill – More Observations on Individual Changes

In the few days remaining to manipulate your 2017 income tax liability, keep in mind the following additional points raised in the tax bill that was just signed by the…

Tax Bill – More on the New 20% Pass-Through Deduction

As I noted in a prior blog post, the new tax bill (TCJA) creates new Code Section 199A that provides for a 20% deduction for the non-wage portion of pass-through income. NOTE:…

Tax Bill – More Individual Planning

The tax bill (TCJA) repeals the deduction for personal exemptions. It increases the standard deductions for single filers to $12,000 and for married joint filers to $24,000. These changes sunset after 2025 (i.e.,…

Tax Bill-Individual Rates and Planning

The current seven individual tax rate brackets are modified under the new Tax Bill to be 10%, 12%, 22%, 24%, 32%, 35%, and 37% effective January 1, 2018. This provision is set…

Growing and Soaring Video 2-Getting to the Next Level

Please join Wayne M. Zell, Esq. for this second of eight videos of Episode 2: Growing and Soaring, which focuses on the on strategies to get to the next level…

Tax Bill Passes Senate; Great News for Real Estate Developers

By a slim margin of 51-48, the Senate passed the tax reform bill on December 19th. Included among the provisions is a hidden benefit for real estate developers. The bill…

House is Not Done Yet…

As the Senate considers approval of the tax reform bill, the House must reconsider (and re-vote on) the bill tomorrow, because at least two provisions in the House Bill (one…

House Passes Tax Bill!

The U.S. House of Representatives on Tuesday approved a nearly $1.5 trillion bill that would deliver deep and permanent tax cuts for corporations and lower rates for most American households…

Month: December 2017