January 03, 2020
NP Trusts & Estates Blog
The IRS has set the standard mileage rate for 2020, New York State has increased the small estate threshold, how to avoid email phishing scams and more. Here’s what’s trending in estate planning and wealth management.
The IRS has set the 2020 standard mileage deduction rate for travel related to business, medical, moving and charitable purposes. –Mary-Benham B. Nygren
What you need to know about taking Required Minimum Distributions from retirement accounts.–Alyson L. Stevenson
The IRS is introducing a new Form 1040 form designed specifically for seniors: Form 1040-SR. –Jo-Ann Martin
Estates of New York decedents with probate estates of $50,000 or less can be administered under a simplified proceeding. –Nicole A. Place
How to recognize and avoid email phishing scams. –Elena N. O’Leary, CPA
Donating to a charity not only supports your charitable organization, but can also benefit you through a tax deduction. However, not all donations are eligible for deductions. –Elena N. O’Leary, CPA
The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.