Taxes Articles

Warning; Elimination of Step Up in Basis could destroy your business!

While the devil is in the details, it is possible that if President Biden's elimination of step-up in basis proposal is passed by Congress you could be paying an estate tax at 40%, and a capital gains tax at 43.4%. The graphic below shows an example of a business...

House Ways & Means Select Revenue Measures Subcommittee Hearing on Taxing the Wealthy

On Wednesday, May 12, the House Ways & Means Select Revenue Measures Subcommittee held a hearing titled "Funding Our Nation's Priorities: Reforming the Tax Code's Advantageous Treatment of the Wealthy." The following witnesses testified at the hearing: Adam...

BREAKING NEWS!! Bipartisan Estate Tax Rate Reduction Bill introduced in both House and Senate today!

Earlier today, Congressman Jodey Arrington (R-TX) and Congressman Henry Cuellar (D-TX) and Senator Tom Cotton (R-AR), on a bipartisan, bicameral basis, introduced the Estate Tax Rate Reduction Act of 2021. This legislation would reduce the estate, gift and generation...

Pat Soldano Speaking at LIDO LIVE Webinar May 19

Pat Soldano will be apeaking on "Family Business Economic Impact, Family Business Issues and Voter Attitudes". Family Businesses employ 59% of all workers in the US and generate 54% of GDP, (“2021 Contribution of Family Businesses to the US Economy”; Piper and...

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