Taft Stettinius & Hollister LLP | USA | 4 Aug 2016
The IRS and the Treasury Department have released proposed regulations to Internal Revenue Code Section 2704 that would change the law on how…
Taft Stettinius & Hollister LLP | USA | 4 Jan 2013
On Jan. 1, 2013, Congress passed the American Taxpayer Relief Act of 2012. This act makes several tax provisions permanent and extends others. Highlights…
Taft Stettinius & Hollister LLP | USA | 13 Sep 2012
The $5.12 million federal gift and estate tax exemptions and 35% tax rate signed into law by the President in late 2010 are set to expire on January 1, 2013.
Taft Stettinius & Hollister LLP | USA | 8 Nov 2011
As we have written in previous ebulletins, the current federal gift, estate and generation skipping tax (GST) exemptions are $5 million.
Taft Stettinius & Hollister LLP | USA | 3 Oct 2011
Grantor retained annuity trusts (“GRATs”) can be a very effective way of transferring high-return or rapidly appreciating assets to children and other beneficiaries with minimal estate and gift tax consequences.
Taft Stettinius & Hollister LLP | USA | 20 Dec 2010
Anyone interested in making substantial gifts to grandchildren free of generation-skipping transfer tax has a narrow window of opportunity that closes on December 31, 2010.
Taft Stettinius & Hollister LLP | USA | 23 Nov 2010
The federal gift tax rate is at an unprecedented low of 35% in 2010.
Taft Stettinius & Hollister LLP | USA | 23 Sep 2010
Now may be the time to consider some unique estate planning opportunities while they still exist.
Taft Stettinius & Hollister LLP | USA | 30 Jun 2010
It is hard to believe - or maybe it's not - that half of 2010 has passed and we still have no guidance from Congress on the repealed federal estate tax and the 2011 estate tax.