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Top News In குடும்பம் மற்றும் திருமண Today - Breaking & Trending Today

Proposed Sanders Tax Bill Would Dramatically Affect Estate Tax Planning - Family and Matrimonial


Business owners and individuals with substantial assets should
consider gifting assets
before new legislation is
enacted that could increase gift, estate, and generation-skipping
taxes.
One such bill was introduced on March 25, 2021 by Senator Bernie
Sanders. If enacted, the bill would reduce the estate and
generation-skipping tax exemptions from the current $11.7 million
per person ($23.4 million for a married couple) to $3.5 million per
person ($7 million for a married couple).
The gift tax exemption would be reduced from the current $11.7
million per person to $1 million per person ($2 million for a
married couple).
The tax rate would also increase from the current top rate of ....

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IRS To Focus On High-Wealth Taxpayers - Wealth Management


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Under President Biden s administration, wealthy individuals
may face a much greater risk of getting audited by the IRS. The
president s agenda is reflected in recent legislation
introduced by Democratic lawmakers to expand the IRS s audit
capabilities as part of a broader tax overhaul. The focus on
high-wealth taxpayers is also reflected in the IRS s
announcement of new campaigns launched by the Large Business and
International ( LB&I ) division targeting high-wealth
individuals with especially complex tax returns and a campaign
launched by the Small Business/Self-Employed division targeting ....

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Surrogacy In Canada - Family and Matrimonial


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