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Potential Tax Benefits of Distributions in 2023 for Trusts and Estates

By Dalton Bradshaw, CPA As the 2023 filing season has arrived, taxpayers may be considering options to reduce their tax liabilities. Due to the compressed tax brackets for trusts and

BMSS’ 2022 Year-End Tax Planning Letter

As 2022 comes to a close, all eyes are on the midterm elections and potential year-end tax legislation and, as always, it is important to stay informed. Year-end tax planning

IRS Offers Late Portability Election Relief to Estates

By Dalton Bradshaw, CPA On July 8, 2022, in a taxpayer-friendly move, the IRS announced relief for estates making a late portability election for a deceased spousal unused exclusion (DSUE)

Understanding Your Buy-Sell Agreement – Part 5

Written by Dalton Hopper, CVA, CFE This is the last article in our series discussing the valuation aspects of buy-sell agreements. We have discussed what is included in a buy-sell

Proposed Regulations Take Aim at Estate and Gift Basic Exclusion

Written by Dalton Bradshaw, CPA In 2017, the passage of the Tax Cuts and Jobs Act (TCJA) brought about numerous provisions aimed at benefiting taxpayers, including within the estate and

Potential Tax Benefits of Distributions in Early 2022 for Trusts and Estates

By Dalton Bradshaw, CPA As the 2022 filing season quickly approaches, taxpayers may be considering options to reduce their upcoming tax liabilities. Due to the compressed tax brackets for trusts

Alabama Qualified Dispositions in Trust (QDIT) Act

By: Dalton Bradshaw, CPA When considering asset protection from creditors, most individuals and advisors immediately think of assets being hidden away in foreign accounts by the world’s ultra-wealthy. However, legislatures

Treasury’s Green Book Provides Details on the Administration’s Tax Proposals

On Friday, May 28, 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green Book,” the 114-page document is

BMSS’ Year-End Tax Planning Letter

2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global pandemic has resulted in economic

BMSS Video Series Part 8: Estate and Trust Update

With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That’s why we’ve created an

Potential Tax Benefits of Distributions in 2023 for Trusts and Estates

Potential Tax Benefits of Distributions in 2023 for Trusts and Estates

BMSS’ 2022 Year-End Tax Planning Letter

IRS Offers Late Portability Election Relief to Estates

Understanding Your Buy-Sell Agreement – Part 5

Proposed Regulations Take Aim at Estate and Gift Basic Exclusion

Potential Tax Benefits of Distributions in Early 2022 for Trusts and Estates

Alabama Qualified Dispositions in Trust (QDIT) Act

Treasury’s Green Book Provides Details on the Administration’s Tax Proposals

BMSS’ Year-End Tax Planning Letter

BMSS Video Series Part 8: Estate and Trust Update

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