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Maximizing Your Year-End Gifting Strategy

Redpath

As the year swiftly comes to a close, many individuals are considering year-end tax plans, including gifting strategies. Understanding the current laws, exemptions, exclusions, and filing requirements will help you successfully implement a gifting strategy to reduce the impact of taxes on your family wealth.

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SUNSET OR RESET

The Mentor Group

The looming sunset of the Tax Cuts and Jobs Act (albeit three years out at the end of 2025) has already begun to surface. The potential reset of estate and gift tax provisions will have the biggest impact on individuals. The gift and estate tax exemption of approximately $12 million per person could well be cut in half.

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E-commerce Is Booming – What Does That Mean for Me as a Seller?

FE International

2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. While we do not have a crystal ball into the future, 2022 is proving to be another strong year, particularly before interest and tax rates are finally increased. gifts and accessories, was acquired by Great Hill. Available Capital.

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Charitable contribution deductions: What U.S. accountants should know

ThomsonReuters

Understanding the intricacies of charitable contribution deductions is critical for accountants when it comes to advising clients on the best ways to support their chosen philanthropic causes, while optimizing overall tax strategy. To determine if your charitable contributions are tax deductible, use the IRS Interactive Tax Assistant.

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Comment on Fighting for Consumer Protection & the Appraisal Industry by Baggins

Appraisers Blog

’ FTC vs Lousiana regulatory board which came years later illustrated the inadequacy of regulatory structure at hand, they actually ruled in favor of continued unrestricted unearned fee raking, unbeknownst to the consumer. Despite that activity being clearly illegal in many other unrelated industries.

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10 midyear tax planning moves

ThomsonReuters

Once you’ve had a chance to catch your breath following the spring busy season, it’s time to remind your clients that tax planning is where you can really add value. If your clients make estimated tax payments throughout the year, take a closer look at their tax situation for 2022 to make sure they’re not underpaying or overpaying. #2—Take