Well, one of the more painful election cycles I have ever experienced is, thankfully, over. Now that the American people have finally cast their votes and elected Donald Trump to the White House and a Republican-controlled Congress, it is natural…
Tag: Gift Tax
New Changes Coming for Family-Owned Businesses
The IRS has published proposed regulations concerning the valuation of family-owned businesses for estate and gift tax purposes that are…
Net gifts can be used to reduce gift tax rate
One strategy to lower your taxable estate is lifetime giving. However, there is a gift tax rate of 40 percent. If you have exhausted your $5.43 million gift and estate tax exemption, and you wish to lower your gift taxes,…
