For Certain Taxpayers, IRS Waives Underpayment Tax Penalties
This affects those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the year.
Determining the Impact: IRS Announces Cost-Of-Living Adjustments
Many of the amounts increased to account for inflation, but some remained at 2018 levels.
IRS Announces Estate & Gift Tax
Limits For 2019
The basic exclusion amount has been increased to $11,400,000 per person for 2019. This is a $220,000 increase over the 2018 exclusion amount ($11,180,000).
Richelle Maguire to Speak at BEPC’s Webinar on Heckerling Recap
The webinar will provide an overview of the most important tax and non-tax issues impacting estate planners and their clients.