Tax regulations

Proposed Tax Regulations Eliminate Recapture of Lifetime Gifts for Estate Tax Purposes | Bradley Arant Boult Cummings LLP

As previously reported, the Tax Cuts and Jobs Act, enacted in December 2017 (the “2017 Act”) made significant changes to the federal wealth transfer system with respect to tax transfers. on gifts and estates during the calendar years 2018 to 2025. One of these changes increased the amount of the basic exemption that can be […]