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DW Tax Blog Blog

Articles: 1-10 of 164

Implications for 401(k) Plans in the SECURE Act

USA - January 13 2020 As part of the 2020 appropriations act, Congress passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019), which was…

SECURE ACT: IRA and Retirement Savings Contribution and Payout Periods Changed - “Stretch” IRAs Dramatically Limited

USA - December 30 2019 Last week Congress and the President actually got together on something and passed a huge appropriation bill…

Corporate Redemptions - Sale of Stock or Dividend Payment?

USA - December 23 2019 A redemption of stock owned by a shareholder of a corporation may be characterized as a “sale or exchange” under IRC Section 302 or as a “dividend”…

Early Holiday Gift for Employers - IRS Extends 2019 ACA Reporting Deadline

USA - December 16 2019 As it has done in past years, the IRS has extended the Affordable Care Act (“ACA”) deadline for health plan sponsors to furnish individuals IRS Forms…

Final Regulations Confirm No Clawback on Gifting

USA - December 9 2019 With the gift/estate tax exemption of $11,580,000 (in 2020) set to expire or “sunset” on December 31, 2025, many advisors have encouraged high net…

The Federal Transfer Tax Exemption: Increased Amount But Less Time to Use It

USA - December 2 2019 Earlier this month, the IRS announced the cost of living adjusted (“COLA”) amount of the exemption applicable to transfers in 2020 that are subject…

Divorce, Tax Debts and Innocent Spouse Relief

USA - November 25 2019 Getting divorced is hard to begin with, but can be even more difficult when tax debts are owed to the Internal Revenue Service arising from jointly…

IRS Announces 2020 Annual Adjustments for Qualified Retirement Plan Limits

USA - November 18 2019 The IRS has announced the annual limits that will apply to qualified retirement plans in 2020. The key 2020 limits, as compared to the 2019 limits…

Section 1202 - Qualified Small Business Stock

USA - November 11 2019 The tax code includes a number of provisions that benefit small businesses and small business owners. One of these provisions is contained in Section…

When You Should Consider Updating Your Estate Plan

USA - November 4 2019 Preparing an estate plan can be a lot of work, both for the planner but especially for the client. And when that process is over, and the plan has…