On July 4, 2025, the One Big Beautiful Bill Act (the “OBBB”) was signed into law.
Introduction -
Many Americans will experience the OBBB as a continuation of income and transfer tax laws passed during the President’s...more
On October 4, 2023, the Massachusetts estate tax was updated for the first time in seventeen years (the “2023 Act”). Primarily, the 2023 Act created a $2,000,000 exemption from the estate tax for all decedents who died on or...more
On October 4, 2023, Massachusetts enacted a new law called “An Act to improve the Commonwealth’s competitiveness, affordability, and equity” (the “Act”). The Act makes several tax law changes relevant to Massachusetts...more
The U.S. House Ways and Means Committee released proposed budget reconciliation legislation on September 13, 2021. The bill still must complete many steps in the legislative process – including passage by the full House of...more
9/28/2021
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Biden Administration ,
Capital Gains Tax ,
Corporate Taxes ,
Estate Tax ,
Foreign Derived Intangible Income (FDII) ,
Gift Tax ,
GILTI tax ,
High Net-Worth ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Qualified Business Income ,
Tax Deductions ,
Tax Planning ,
Tax Reform ,
Ways and Means Committee
Recent federal legislation adds fresh compliance burdens to an old concept in federal tax law: the step-up in tax basis of appreciated property at death. New reporting requirements will apply to estates required to file a...more