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LGT's Profit Sense

Proposed Estate and Gift Tax Plan Under Biden Administration

Posted by Jon Wellington, J.D., Principal, State and Local Tax on Dec 1, 2020
Proposed Estate and Gift Tax Plan Under Biden Administration

President-elect Joe Biden has publicized various aspects of his tax plan once he takes office in 2021. This article summarizes those proposals as they stood heading into the election and their impact...

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Topics: Tax, IRS, gift tax, estate tax, estate planning

Make sure you know the deadline for your taxes

Posted by lgtcpa on Jan 30, 2019
Make sure you know the deadline for your taxes

The government shutdown did not change the deadlines for submitting your taxes. Here is a list of a few important dates.

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Topics: Tax, gift tax, estate tax

Gift and Estate Taxes Are Changing

Posted by LGT Staff on Oct 23, 2018
Gift and Estate Taxes Are Changing

As many of you may already know, there was a significant increase in the lifetime exclusion for Estate and Gift taxes. Lets break it down.

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Topics: Tax, TCJA, gift tax, estate tax
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