by Finley Stetson | Oct 20, 2022 | Tax and Business Law, Taxes
You can keep more money from the IRS next year, thanks to inflation.. The Internal Revenue Service will allow Americans to shield more of their income from taxes in 2023 because of higher inflation, the agency announced Tuesday, raising income thresholds for all tax...
by Finley Stetson | Nov 18, 2021 | Estate Planning, Last Will & Trusts, Probate, Tax and Business Law, Taxes, Trusts, Wills, Trusts & Estate
People love their pets. But Madonna has taken her love to a whole new level. A little over twenty years ago she gave her home to a corporation named after her dog, Gunther. According to this story, Gunther and his descendants lived in the house ever...
by Finley Stetson | Nov 8, 2021 | Estate Planning, Last Will & Trusts, Tax and Business Law, Taxes, Trusts, Wills, Trusts & Estate
On October 29, 221 a new draft of the “Build Back Better” bill was released. That new version of bill eliminated the proposed reduction in estate tax exemptions from $11.7 million to about $6 million. So unless there are additional changes to the law...
by Finley Stetson | Oct 1, 2021 | Estate Planning, Last Will & Trusts, Probate, Tax and Business Law, Taxes, Trusts, Wills, Trusts & Estate
Here is a question that we receive on an almost daily basis from our clients: “I’ve read in the news that the estate and gift tax exemption is going to be reduced. How can I take advantage of the current exemptions before they are cut?” Right now the current gift...
by Finley Stetson | Jan 6, 2021 | Estate Planning, Taxes
Delray Beach, Fla. — With Georgia’s US Senate election results not even certain, tax attorney Bill Stetson’s in-box started to swell. How might President-Elect Joe Biden in the White House and Democrats in control of the House and Senate affect gift tax and...
by Finley Stetson | Dec 17, 2020 | Taxes
Florida has its first President! Donald and Melania Trump are now permanent residents of Florida. They did this in October by recording a “Declaration of Domicile” in Palm Beach County court. The New York Times reported that the move was “primarily for tax purposes.”...
