This alert from Verrill’s Private Clients & Fiduciary Services Group highlights the latest changes to the income tax and transfer tax landscape. The alert addresses the SECURE ACT 2.0, federal and state transfer tax updates...more
1/25/2023
/ Charitable Donations ,
Employee Benefits ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
SECURE Act ,
State and Local Government ,
State Taxes ,
Tax Planning ,
Transfer Taxes
What you need to know: On September 13, 2021, the House Ways and Means Committee released its proposed tax plan to fund President Biden’s $3.5 trillion “Build Back Better” social and economic spending package. If enacted as...more
9/29/2021
/ Biden Administration ,
Capital Gains ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
GST ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Irrevocable Life Insurance Trusts ,
Legislative Agendas ,
Popular ,
Proposed Legislation ,
Qualified Personal Residence Trust ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Reform ,
Ways and Means Committee