Archives for September 2020

Reproduced with permission from Tax Management Memorandum, 61 TMM 19, 09/14/2023. Copyright R 2024 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com Three Important Areas in 2024 Year-End Tax Planning  By Robert L. Rojas and J. Michael Pusey* Rojas & Associates CPAs Los Angeles, CA  The tax planning environment in the latter half of 2024 presents new challenges. There are new tax laws and government programs generally aimed at helping taxpayers. Yet there are also prospects of both federal and state tax increases, particularly on the wealthy. In this rapidly changing environment, it is particularly important that we remember ‘‘other taxes’’ in our year-end planning, such as gift and estate taxes, even property taxes. This article encourages the practitioner to remember some ‘‘old favorites’’ of estate planning, family limited partnerships, and GRATs, and the importance of property tax planning. While we stress considering all the taxes … [Read more...] about Three Important Areas For 2024 Year-End Tax Planning