Most of us have been able to all but ignore Estate Taxes after the 2017 tax cuts almost doubled the estate and gift tax credit from $5.6 million to $11.18 million. That increase in the amount of the credit will “sunset” at the end of 2025 with the difference in the amount of credit being […]
A LARGE PART OF THE ESTATE AND GIFT TAX CREDIT IS ABOUT TO EXPIRE IN LESS THAN TWO YEARS…..NOW WHAT…..MAYBE A SLATA
April 17, 2024 by ·
New M&A Broker Exemption
March 22, 2024 by ·
A new federal exemption for M & A Brokers is going to be available as of March 29, 2024. Although there will be some limitations, the new law should be a substantial benefit to those involved in facilitating smaller mergers and acquisitions as well as a benefit to those companies using unregistered intermediaries. The new […]
Understanding the Corporate Transparency Act
November 8, 2023 by ·
Understanding the Corporate Transparency Act: Promoting Accountabilityand Reducing Illicit Activity The Corporate Transparency Act (CTA) is a significant piece of legislation passed in the United States aimed at increasing transparency and accountability within the realm of corporate entities. Enacted as part of the National Defense Authorization Act for Fiscal Year 2021, the CTA is designed […]
CORPORATE TRANSPARENCY ACT UPDATES
November 1, 2023 by ·
CORPORATE TRANSPARENCY ACT UPDATES New and sweeping disclosure regulations for most all small businesses are coming soon to your door step courtesy of the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”)’s Corporate Transparency Act (“CTA”). Unlike many federal regulatory disclosure laws which apply primarily to larger businesses, the CTA applies to most every […]
Corporate Transparency for All
October 12, 2023 by ·
CORPORATE TRANSPARENCY ACT New and sweeping disclosure regulations for most all small businesses are coming soon to your door step courtesy of the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”)’s Corporate Transparency Act (“CTA”). Unlike many federal regulatory disclosure laws which apply primarily to larger businesses, the CTA applies to most every small […]
DID MY BROTHER EXERT UNDUE INFLUENCE OVER MY MOTHER WHEN SHE MADE HER WILL…?
October 19, 2021 by ·
Perry Douglas West, Esq. As families grow and life takes members in different directions, the responsibilities to care for parents or other aging relatives may be assumed or fall upon different members unevenly and often end up with some spending significantly more time with parents or other members as they get older. If you think […]
It May Not be Ticking, But……
September 24, 2021 by ·
It May Not Be Ticking, but………. Perry Douglas West, Esq. The reality of the Federal Estate Tax with a current Unified Gift and Estate Tax Credit of $11,700,000 may have all but disappeared from the memory of the vast majority of Americans. That may soon change for a significant number of families […]
Beware of the “Ides of March” and Beyond
March 8, 2021 by ·
For those planning to tidy up your estate by going ahead and utilizing your $11 million+ gift tax exemption this year, you may want to acquire and apply some extra drafting talent. A number of proposals are circulating which reduce the exemption to as low as $1 million but the most difficult proposals may be […]
CROWDFUNDING
January 20, 2021 by ·
CROWDFUNDING Perry Douglas West, Esq “Crowdfunding” is essentially raising small amounts of money from a large number of people. Crowdfunding appeared in the 1700’s as loan funds created by donations from wealthy citizens that provided loans to poor but creditworthy people. They have continued through modern day “micro funding” or peer to peer micro […]
WE’VE ALL HEARD IT, SEEN IT OR MAYBE EVEN SAID IT
October 19, 2020 by ·
Perry Douglas West, Esq. We’ve all heard it, seen it or maybe even said it: “if so-and-so wins the election, I’m leaving the country. Well, if you’ve said it or thought about it, and taxes matter to you, you will want to take a long, hard, sober look at the U.S. “Expatriation Tax” or “Exit […]
