As 2022 comes to a close, it is important to know the advantages of certain tax planning strategies. Following a brief overview of how the federal gift and estate tax system works, this article presents five year-end tax planning strategies for 2022.1 Understanding the “Lifetime Exemption” in 2022: The Amount […]
Transferring wealth from one generation to the next is a tricky business. It becomes even more complex when a family business is involved since it raises many different emotions tied to planning for the succession of the business and presents significant questions for business owners. Whether consciously or subconsciously, many […]
As published in New Jersey CPA Magazine, Summer 2021 Issue The COVID-19 pandemic has resulted in historically low interest rates, depressed values of certain assets and a need for increased federal revenue. When combined with the shift of power in Washington, this becomes a critical and advantageous time for clients […]
As published in New Jersey CPA Magazine, Spring 2021 With Democrats now controlling the White House and both chambers of Congress, President Biden could be poised to implement an agenda that may affect millions of taxpayers. During his presidential campaign, President Joe Biden, in an effort to raise revenue by […]
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