Tax policy

Wealth transfer planning

Tax policy in the new year: Voters opt for a change in course shares the latest information on continuing legislative guidance and relief in response to the COVID-19 pandemic, including observations from the recent presidential election and the potential impact on high-net-worth tax planning.

Wealth transfer: Staying the course and seizing the day pinpoints areas on your wealth transfer planning road map that may require attention before the close of 2020.

 

Interest tracing

Deductibility of losses

The complexity and flexibility of interest tracing provides the rules of the road to deductibility of interest expenses, including insights from recently released proposed regulations.

The 2020 reboot of individual loss limitations will help you determine whether there is a silver tax lining to any losses sustained in recent months.

Download part one of the 2020 essential tax and wealth planning guide

Tax policy

Philanthropic planning

Wealth transfer planning  

Our chapter How the 2020 presidential candidates propose to tax affluent individuals includes familiar, but now altered, discussions of the upcoming presidential election and continuing legislative guidance and relief in response to the COVID-19 pandemic.






 

How can private foundations respond to COVID-19? Seven key questions to ask examines how private foundations and individuals are reexamining their role in the community and seeking alternative philanthropic avenues to make a social impact. Now that the federal government has declared the COVID-19 pandemic a national disaster, there is additional flexibility in how foundations can be powerful tools in times of crisis.
 

When given lemons, make lemonade provides insights on the new path you may consider when furthering your wealth transfer road map in the current economic climate. The current volatility of the financial markets, coupled with the low-interest-rate environment, presents unique considerations around wealth transfer and utilization of the increased applicable exclusion amount provision of the 2017 Tax Cuts and Jobs Act.
 

Archive: 2019 essential tax and wealth planning guide

• Installment one (February 2019): Our first installment features valuable insights on important tax issues likely to affect your planning. Chapters cover individual tax planning and tax policy in the wake of the first year of tax reform.
• Installment two (August 2019): The second installment of our tax and wealth planning guide helps you understand how wealth transfer planning and the international tax landscape have become more complex and require additional consideration under the new tax law. Also included are tax policy developments.
• Installment three (October 2019): Our third tax and wealth planning guide installment covers loss limitations post-tax reform, further observations about wealth transfer planning, insights into year-end tax planning considerations, and a tax policy update.