Archives for act

Are you Taking Advantage of the New Tax Law Benefits?

May 31, 2018 | by | Comments Off on Are you Taking Advantage of the New Tax Law Benefits?


Read More

Categories: Industry News and Newsletter and Updates.
Tags: accountant, accounting, act, benefits, ca, california, certified public accountants, cpa, cpa firm, distributors, law, manufacturers, new tax law, oc, orange county, orange county cpa, southern california, tax, tax changes, tax cut, tax firm, tax law, taxation, taxes, the act, wfy, and wright ford young.

Extraordinary Estate Tax Opportunity with the Tax Cuts and Jobs Act

January 10, 2018 | by | Comments Off on Extraordinary Estate Tax Opportunity with the Tax Cuts and Jobs Act

You may recall that President Trump promised to repeal the Estate and Gift Tax and their cousin, the Generation Skipping Tax.   However, the enacted version of the Tax Cuts and Jobs Act signed just before Christmas 2017, left these three taxes intact.   The outcome is surprising, given that the Republican Party has often condemned these taxes, and given that the House, Senate, and White House are all on the same side of the party divide.   Yet, complete repeal was not accomplished.   Thus, these taxes remain a huge liability for high net worth individuals and families. What the Act does accomplish
Read More

Categories: Newsletter and Updates.
Tags: act, cpa, estate, estate planning, exemption, federal tax, gift, tax, tax cut, tax exemption, trump, wfy, and wright ford young.