If you’re under 50 years of age, you can contribute up to $23,000; if you are over 50 years old, you can add a $7,500 “catch-up” amount. Advisers recommend that you invest in a globally diversified ...

Discover essential year-end financial strategies to increase your savings and reduce your tax burden. Don't miss out!

The federal estate and gift tax exemptions are set to change in 2025, bringing new limits that affect gifting and estate ...

FIPA brings needed flexibility to the allocation of receipts and disbursements between income and principal, giving ...

Provisions within the Tax Cuts and Jobs Act of 2017 that helped wealthy individuals and families pass along sizable gifts tax ...

A record-breaking stock market has again generated significant wealth this year. The gift tax, estate tax and generation-skipping transfer tax are ...

The 2025 transfer tax exemption will remain at a historically high level before being reduced by 50% on January 1, 2026 under ...

as well as the less common generation skipping transfer tax, and 2) income taxes, such as earned income taxes, income taxes on investment or capital gains taxes, which are income taxes on property ...

The IRS has published a private letter ruling on Sections 2632 and 2642, and Treasury Regulation Sections 26.2642 and 301.9100, granting the executor of a decedent’s estate an extension of time to ...

gift and generation-skipping transfer tax planning. Searles earned a Juris Doctor from Hofstra University School of Law and holds an LL.M. in Taxation from the University of Miami School of Law.