Key Points & 2017 Year End Tax Planning in Wake of the Tax Reform Legislation Strategies to consider before December 31, 2017: If possible, pre-pay estimated state taxes accrued in 2017. For example: 4th quarter estimated tax payments to the State of Georgia paid in 2017 will be deductible. Pay 2017 property taxes in 2017. The […]
As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the challenge include turbulence in the stock market, overall economic uncertainty, and Congress’ failure to act on a number of important […]
The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the […]
Update on “Achieving a Better Life Experience” (ABLE) accounts: For tax years beginning after Dec. 31, 2014, states may establish tax-exempt “Achieving a Better Life Experience” (ABLE) accounts, which can be created by disabled individuals to support themselves or by families to support their disabled dependents. Contributions to the accounts are made on an after-tax […]
The following article was written by Albert Caproni III, and was featured in the January/February 2015 volume of Current Accounts published by the Georgia Society of CPAs. For more information about developing an estate plan or the probate process in Georgia, please contact our office. Introduction. In my law practice, I often encounter people that […]
Many people consider trusts a tool for the wealthy to avoid taxes. While trusts are a useful device for reducing estate taxes, there are many different types of trusts and tax planning is only one reason to create a trust. In fact, since the estate and gift tax exemption amounts have increased significantly over the […]
The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to […]
