» Tax Law

Joe Biden’s Tax Plan: What Has and Has Not Changed

February 18th, 2022
When a new president takes office, tax planners and financial planners sift through campaign promises as if they were tea leaves, trying to predict what laws will change and how to adjust their planning accordingly. President Joe Biden has been in of… Read More

House Ways and Means Committee Unveils Tax Proposal

October 8th, 2021
Regular readers of this blog know that we have been on the lookout for tax changes on the horizon since the beginning of the current presidential administration. Reading the tea leaves of campaign promises and statements to the press, we have counsel… Read More

Estate Tax Planning Strategies for the Biden Tax Changes

May 5th, 2021
In the first few months of President Biden’s administration, the focus has been on COVID-19 relief, voting rights, and infrastructure. But President Biden campaigned on changes to the tax system, and you can be sure that, sooner or later, the admin… Read More

How Will Estate Tax Law Change Under the Biden Administration?

April 29th, 2021
In recent years, tax policy has tended to change depending on which political party held the reins in Washington, D.C. These swings are problematic for people making long-term financial decisions; The increasingly dynamic nature of tax law offers a g… Read More

Federal Estate Tax: Current State of the Law

March 15th, 2021
When an individual dies, any assets they own could be subject to federal estate tax. However, under today’s laws, very few estates—only two in a thousand—are likely to pay federal estate tax. That figure could change significantly with the new… Read More

Using Your Tax Refund for Retirement Financial Planning

September 9th, 2020
The tax filing deadline was delayed for three months in 2020 due to the coronavirus pandemic. As a result, many of those who filed their taxes in July have recently received their income tax refunds. A tax refund can feel like a windfall, and many pe… Read More

Should You Make Your Business an LLC or S Corporation?

July 20th, 2020
Contributor: Ted Gudorf, J.D., LL.M.
One of the first decisions a business owner is faced with is what business entity they should choose for their company. For many businesses, the choice comes down to two options: a limited liability company (LLC) or S corporation. An S corporation is… Read More

How to Convert a C Corporation to an S Corporation (And Whether You Should)

May 21st, 2020
Since the implementation of the federal Tax Cuts and Jobs Act (TCJA) a couple of years ago, our office has received many inquiries about the benefits of converting an existing C corporation to an S corporation. In this article, we will briefly discus… Read More

Making Gifts to Minors: Pros and Cons

March 23rd, 2020
One of the great joys of having worked and saved for most of your adult life is the ability to share your bounty with the people you love, including children and grandchildren. If some of those loved ones are minors, you may be wondering about the wi… Read More

Where Does Your Trust Live (and Why Does It Matter)?

January 8th, 2020
If you have a trust, you probably don’t think of it as having a residence. After all, it’s not a person, or even an entity; technically, a trust is a relationship between the person who created it (the grantor), the person who administers it (the… Read More
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