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What the 2015 Inflation Adjustments for the Estate Tax Exemption and Trust Income Tax Brackets Mean for You

Mon Jun 1st, on Proactive Tax Planning |

The Internal Revenue Service has released the official inflation adjustments that will affect 2015 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and...

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2015 Federal Estate Tax Exemption 

Fri Nov 28th, on Estate Planning, Proactive Tax Planning |

In 2015 the estate tax exemption will be $5,430,000.  This is an increase of $90,000 above the 2014 exemption.

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Unfortunate Tax Change in 2014

Mon Sep 1st, on Proactive Tax Planning |

In September of 2014, the IRS issued a notice that went into effect because of the Affordable Care Act.  

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2015 Federal Estate Tax Exemption

Tue Apr 1st, on Estate Planning, Proactive Tax Planning |

In 2015 the estate tax exemption will be $5,430,000.  This is an increase of $90,000 above the 2014 exemption.

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IRS Ruling 2018-14 Extension on Estate Tax Portability

Tue Jan 28th, on Proactive Tax Planning |

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2014-18 which gives estates of married couples an automatic extension of time to elect portability.

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New Definition of California Source Income 

Wed Jan 1st, on Proactive Tax Planning |

For 2014, California has an aggressive new definition of “California source income” which now includes “single sales factor sourcing”. 

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Time is Running out to Save Unprecedented Amounts in Estate Tax

Sun Sep 30th, on Proactive Tax Planning |

For the rest of 2012, every American can transfer up to $5.12 million free of federal gift, estate and generation-skipping transfer tax—and estate planners are doing everything they can to...

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