Entertainment Industry Deductions Wins. The Boston Bruins of the National Hockey League lost in the first round of the 2017 Stanley Cup playoffs, but subsequently scored a legal victory in…
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Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per…
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The gift tax is also a component of the federal transfer tax system and is a tax imposed on transfers (i.e., gifts) of property during life, either given outright or…
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On October 14, 2016, as part of an overall gas tax and income tax compromise, a bill was signed into law that will phase out the New Jersey Estate Tax.…
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Accelerate Deductions and Defer Income - It sometimes makes sense to accelerate deductions and defer income. There are plenty of income items and expenses you may be able to control.…
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The estate tax is one component of the federal transfer tax system, which also includes the gift tax and the generation-skipping transfer tax. The estate tax is a tax imposed…
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Probate assets consist only of assets owned by the decedent at death that do not pass automatically (i.e., by operation of law) to the intended beneficiaries. A person’s will deals…
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On August 2, 2016, Sen. Charles Schumer, D-N.Y., proposed a bill titled “United States Appreciation for Olympians and Paralympians.” The Senate approved the bill by unanimous consent, and the measure…
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On May 25, 2016, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the “Presidential Tax Transparency Act”, a proposed new law which would amend the Federal Election Campaign Act of 1971 to require…
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Probate is the legal process that takes place after someone dies of proving the validity of a will or establishing who is entitled to receive the decedent’s property under state…
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