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The IRA: A Solid Estate Planning Tool in Times of Uncertainty
As the new administration eyes policy changes, taxpayers are scrambling to divine the potential estate tax implications. The unified exemption is at a historically high level, currently over $22 million for married taxpayers filing jointly, [...]
Making Intrafamily Loans with Intentionally Defective Grantor Trusts
Interest rates are at historic lows right now, making it a great time for intrafamily loans. By making a loan to an intentionally defective grantor trust (IDGT), families with substantial means can move highly appreciable [...]
Considering a Conversion from Traditional IRA to Roth? Think Twice.
The COVID-19 pandemic has certainly caused havoc in global markets and the U.S. economy throughout 2020. Along with the continued impact of the pandemic, the changing economic policies of a new presidential administration have added [...]
Federal Tax Filing Deadline Extended for All 254 Texas Counties
As a result of the recent winter storm, the IRS announced on February 22, 2021, that residents of all Texas counties and/or taxpayers who have a business in Texas would generally have until June 15, [...]