Ways & Means weighs in on Biden Tax Proposals, with significant changes.
In “Chapter 2,” we focus on another, somewhat unexpected, proposal: that gifts of appreciated property would trigger the immediate recognition of taxable gain.
Recently, the Biden Administration released its fiscal 2022 budget request to Congress, along with a “Green Book” providing detail on the income tax proposals.
A change of seasons can be a compelling time to take stock of the present by placing it in context with a receding past, and thus setting the stage for a future that continually heads our way.
There are a number of moving parts, and a meaningful uncertainty factor, as well as timing urgency. Notwithstanding, if you have significant unrealized LTCG, whether or not you choose to take an action step, you need to understand the choices.
For all the challenges of this year’s market environment, there is some upside. In a classic irony, we find ourselves in perhaps the most attractive wealth transfer environment of our lifetimes.
When interest rates and asset valuations fall together, the result for some is an unprecedented planning window. Today, as a consequence of the coronavirus and the resulting market and policy responses, we are seeing both.
Derek, Madonna and Martha are just three high-profile cases that represent the lengths the state of New York will go to in order to retain the tax revenue of people who try to leave.
For those of you I haven’t met yet, I’ll start this edition of the Fieldpoint Quarterly by introducing myself. I’m Tim Tully, and a few weeks ago Fieldpoint Private’s Board of Directors asked me to take on the role of President and CEO.
Over three decades of globalization, world nominal GDP expanded from $19 trillion to $89 trillion, a 4.5-fold increase.
With all of the wonders offered by our electronic age, IT security has become one of the most important risk management issues facing successful families.
On December 20, President Trump signed the SECURE Act. The new law, which applies to events occurring after 12/31/19, makes significant changes to the federal tax law around IRAs.