by Joel Roettger | Jan 24, 2018 | Estate Planning, Retirement Assets, Tax
The IRS has issued new guidance on recharacterization of Roth conversions, and it is good news for taxpayers who converted in 2017. As discussed in a previous post entitled “Last Chance for Risk-Free Roth Conversions,” taxpayers can longer reverse...
by Joel Roettger | Jan 24, 2018 | Estate Planning, Tax
The 7520 rate for February 2018 will be 2.8%. A chart showing historical rates since 2008 is here. Some estate planning techniques benefit from rising rates. These include Qualified Personal Residence Trusts (QPRTs) and Charitable Remainder Annuity Trusts (CRATs). On...
by Teresa Klenk | Jan 13, 2018 | Tax
Beginning January 1, 2018, Section 1031 like-kind exchange tax deferral will no longer apply to exchanges of tangible personal property. Under the Tax Cuts and Jobs Act, only real property will qualify for tax deferral in a like-kind exchange. Many exchanges of real...
