Congress enacted the Corporate Transparency Act (the “Act”) for Fiscal Year 2021 as part of the National Defense Authorization Act with an effective date of January 1, 2024, which this blog first reviewed herein The Not-So Transparent Corporate Transparency Act. The Act requires any “Reporting Company” to file “Beneficial Ownership Information” (“BOI”) reports with the […]
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Leveraging the 2025 Annual Gift Tax Exclusion for Estate Planning
In 2025, the annual gift tax exclusion amount has been updated, providing individuals with a strategic opportunity to minimize their...
