Category: estate tax

New and Valuable Ways to Reduce Capital Gains Tax

by Les Raatz | Feb 11, 2019

If property is held by someone at their death, the “basis” in the property used by the seller to determine taxable gain on its sale is re-set to the fair market value at the date of death. Income and capital gain tax rates have...

TAXATION OF THE SALE OF EXISTING LIFE INSURANCE POLICIES

by Elizabeth Brickfield | Oct 23, 2017

The statutory increase of the federal estate/gift transfer tax threshold to over $5.6 million in value per individual (over $11 million for a married couple), the portability of unused exemption amounts on the death of the first...

KNOWN UNKNOWNS about Federal Tax Laws and Regulations

by taxblog | Feb 9, 2017

By: Henry Grix The new administration in Washington, supported by Republican majorities in Congress, has pledged substantial changes to federal tax laws and regulations. One change may – or may not...

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Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.