Client Alert: CTA Imposes New Small Business Reporting Requirements Effective January 1, 2024
By Michael Canarick |
As of January 1, 2024, a new law called the Corporate Transparency Act (CTA) has gone into effect, which may ...
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2024 Federal Estate & Gift Tax Amount & New York Basic Exclusion Amount
By Michael Canarick |
On November 9, 2023, the IRS issued Revenue Procedure 2023-34, providing the annual inflation adjustments for tax provisions to be used ...
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Important Tax Update
By Michael Canarick |
Last week, the House Ways and Means Committee released its proposed tax plan to fund the $3.5 trillion “Build Back ...
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Proposed Bills Which would Negatively Impact Gift & Estate Tax Laws
By Michael Canarick |
The aggressive changes being sought after are an indication that some level of transfer tax reform is likely to be ...
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Happy New Year 2021
By Michael Canarick |
Happy New Year to you and your family! Each year I send an e-mail to my clients to provide updates ...
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Why You May Not Have A Say in Medical Emergencies for Your College-Aged Child
By Michael Canarick |
Each year approximately four million American children will turn 18. This can be an exciting time in one’s life – ...
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Important Information That Will Impact Retirement Accounts
By Michael Canarick |
The SECURE Act of 2019 On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement ...
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A New Year is a Good Time to Review Your Existing Estate Planning Documents
By Michael Canarick |
Happy New Year to you and your family! As the new year begins, it is a good time to review ...
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In Trusts (and Letters of Direction) We Trust
By Michael Canarick |
A common misconception is that estate planning, and in particular, the creation of trusts is only something that applies to ...
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Entity Choice – Do I Change to a C-Corporation?
By Michael Canarick |
One of the questions that keeps popping up from my business owner clients is… Should I change my entity to ...
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