Tax Law News and Insights

If you have a qualified retirement plan or Individual Retirement Account ("IRA"), be sure to verify two things: Have you designated the primary and contingent beneficiary or beneficiaries who will receive any remaining accumulation that you don't withdraw during your lifetime? Does that beneficiary designation meet requirements established by your...

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Building off of last year's sweeping tax overhaul, the House Ways and Means Committee today approved legislation that would make key provisions of that law permanent. But while most of the tax policies endorsed by the committee are unlikely to be enacted this year, some could win approval in a post-election lame...

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On December 22, 2019, new Internal Revenue Code Section 199A was signed into law as part of the Tax Cuts and Jobs Act of 2017 (TCJA).  It became effective on January 1, 2018. Section 199A is amazing: It provides the owners of at least 70 million passthrough businesses - i.e.,...

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