IRS Announces Increase in Estate and Gift Tax Exemptions in 2017

IRS Announces Increase in Estate and Gift Tax Exemptions in 2017
Current tax laws allow individuals to leave almost $5.5 million to their heirs without paying federal estate or gift taxes. Married couples can protect almost $11 million from federal inheritance taxes.Here are more specific numbers:Changes to Lifetime Tax Exemptions Due to inflation, the federal estate and gift tax exemption (the “Unified Credit”)...

Tax Relief: How Tax Lawyers Can Help You

Tax Relief: How Tax Lawyers Can Help You
Tax reliefs are the reduction in taxes that you owe to any state, local body or any federal taxing authority. To earn the tax relief benefits, you need to meet certain criterias. For example, people of Colorado can earn property tax relief programs if they are- senior citizens, people with disabilities and members of the national guard and the...

PPM: Understanding Its Significance

A Private Placement Memorandum (PPM) is a document that addresses risk disclosures for an investment. It meets SEC regulations - reg D, Rule 502(b) (2) - for certain investments that involve multiple investors. Other names for a PPM include "Confidential Information Memorandum" and "Disclosure Document." Here are reasons you need to consult with a...