Resources

On March 27, 2020, the President signed the $2 trillion stimulus package as part of the third phase of the federal government’s response to the COVID-19 pandemic.  The “Coronavirus Aid, Relief, and Economic Act” or “CARES Act” includes cash relief for individuals, lending to small businesses and relief for certain […]

While most of the press has focused on the income tax changes resulting from the Tax Cuts and Jobs Act of 2017 (TCJA), the changes relating to the federal estate and gift tax seemed to have received little attention. That is unfortunate as the changes are significant.  TCJA substantially increased […]

529 Plans – An Overview Since 1996, the Internal Revenue Code has provided favorable tax treatment for investment accounts, known as 529 Plans, which are designed to pay for higher education.  Pursuant to the 2017 Tax Cuts and Jobs Act (the “Act”), the rules governing the treatment of these plans […]

The next alert in our weekly series highlighting the major changes to the law as a result of the Tax Cuts and Jobs Act of 2017 (the “Act”) discusses changes to the “Tax for Certain Children Who Have Unearned Income” or the “Kiddie Tax.” Prior to 2018, the “Tax for […]