December 06, 2017
NP Trusts & Estates Blog
Give financial assistance to family members without generating a federal gift tax, how the Senate’s tax reform proposal may affect investors, make the upcoming tax season less stressful and more. Here’s what’s trending in estate planning and wealth management.
You can give financial assistance to family members without generating a federal gift tax or using up your lifetime gift tax exemption.—Evelyn V. Moreno
When deciding on gifting strategies, a GRAT is an excellent technique to remove future appreciation for a low gift tax cost.—Deborah L. Anderson
Economic and market highlights from the NP Investment Team for November 2017.— NP Investment Team
Hospitals, physicians and other HIPAA covered entities may disclose certain PHI to those involved in a patient’s care.— Valerie Breslin Montague
How can I make the upcoming tax season less stressful?— Amy Bidleman
The Senate’s tax reform proposal includes a provision that will require investors to use the FIFO (first-in-first-out) method when selling shares, leading to potentially higher capital gains taxes for most investors.— Thomas A. Stedman
Were you affected by a natural disaster and wondering how to get copies of lost records?—Kelly Acevedo
Individual Taxpayer Identification Numbers (ITINs) are used by persons who are not eligible for a Social Security Number, like foreign nationals, but are required to make U.S. tax filings and payments. Under a new IRS policy, certain ITINs expire and must be renewed.— Mary-Benham B. Nygren
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