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Legal Notices

December 6, 2017

Congress often boasts that they enact taxes reduction.  What they mean is that they reduce tax rates.  Taxes are calculated as (i) taxable income (ii) multiplied by the tax rate.  If rates are reduced but the calculation of taxable income is changed (i.e. deductions ar...

December 5, 2017

In Part I of this blog, we reviewed the effect of the Senate-passed estate tax law changes, and how the new law would reduce estate tax for about 2,700 estates per year. For eight years. The bill also provides that the increased estate tax exemption applies only for 20...

December 2, 2017

Although the Senate and House versions of the sweeping 2017 tax law changes need to be reconciled prior to sending the bill to the President’s desk, the Senate version of the 2017 tax legislation, approved last night by a 51-49 vote (Senator Corker of Tennessee the lon...

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August 1, 2017

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