Insights/News

Nov 23 2021

Why a gifting strategy still matters

2021-12-17T11:11:45-05:00November 23, 2021|

Newburg | CPA Tax Brief (11/20/2021) The IRS recently announced next year’s cost-of-living adjustment amounts. For 2022, the federal gift and estate tax exemption has cracked the $12 million mark: $12.06 million to be exact. Arguably more notable, the annual gift tax exemption has increased by $1,000 to $16,000 [...]

Nov 19 2021

2021 Individual Year-End Tax Planning

2021-12-09T12:20:17-05:00November 19, 2021|

Newburg | CPA Tax Brief (11/19/2021) As the year-end approaches and we look forward to 2022, individuals should be reviewing their situations to identify any opportunities for reducing, deferring, or accelerating tax obligations. Specifically, taxpayers should be considering the tax reform provisions that remain and that are expiring from [...]

Nov 12 2021

Do you have a will?

2021-12-09T12:54:04-05:00November 12, 2021|

Newburg | CPA Tax Brief (11/12/2021) The need for a will as a key component of your estate plan may seem obvious, but you’d be surprised by the number of people — even affluent individuals — who don’t have one. A reason for this may be a common misconception [...]

Oct 29 2021

Opportunities and challenges: Valuation in the age of COVID-19

2021-10-29T15:11:33-04:00October 29, 2021|

Newburg | CPA Tax Brief (10/29/21) Valuation and estate planning go hand in hand. After all, the tax implications of various estate planning strategies depend on the value of your assets at the time they’re transferred. The COVID-19 pandemic has had a significant impact on the value of many [...]

Oct 22 2021

What are your options to pay for long-term care?

2021-10-22T07:18:06-04:00October 22, 2021|

Newburg | CPA Tax Brief (10/18/21) Too often, people planning their estates focus on tax and asset-protection issues and overlook long-term health care needs. But the high cost of long-term care (LTC) can quickly devour resources you need to maintain your lifestyle during retirement and provide for your children [...]

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