Archive

Many things are still unknown about the new Tax Law. Attached is a review of the various Code provisions. The most important aspect is the “Expiration Dates” of the various sections. There has been a lot of discussion about the estate tax. It should also be noted that the income tax and several other sections […]

Robin A. Lloyd, Sr., Esq. January 23, 2018 Greetings from the Heckerling Tax Institute. They are trying to explain the new tax code this week. Since the Tax  Code has many parts, this is not easy.  Although a law has been passed the next step is the Regulations where Treasury explains what the Code means. […]

Robin A. Lloyd, Sr., J.D. January 9, 2018 GUNS, GUNS EVERYWHERE! Apparently, because of the concern over a potential firearms ban, a good number of people bought firearms over the last few years.  Because of our estate planning work, I started to think back at how many estate inventories I had with weapons in them. They […]

  As the House and the Senate try to reconcile the differences in their tax bills and build the similarities into coherent tax law, there are some aspects of current tax law that should be taken advantage of before year’s end. Charitable Deduction Contributions Although both versions of the tax bill maintain charitable contribution deductions, […]

  The Senate narrowly passed its Tax Reform Bill in the early hours of Saturday morning, with a 51-42 vote in which no Democrats voted in favor of the bill. This marks a significant achievement toward real tax reform, as the House and the Senate now enter conference to merge the House Tax Bill and […]

November 14, 2017 On Thursday, November 9, 2017, the Senate Finance Committee released its version of the proposed Tax Cuts and Jobs Act, on the heels of the House’s Tax Cuts and Jobs Act released earlier and discussed here. Although the Senate Bill purports to achieve the same tax reform goals as the House Bill, […]

November 7, 2017 Last week, Republican members of the House of Representatives released their platform for tax reform moving forward. The piece of legislation, called the 2017 Tax Cuts and Jobs Act (“TCJA”), looks to implement significant reform to individual tax rates, corporate tax rates, pass-through entity rates, and deductions. The Act also proposes important […]

  As quickly as Estate Tax Repeal faded off the tax reform radar a few months ago, it came flying back into view about a week ago. On September 27, the GOP “Big Six” coalition, derived of members of the House Ways and Means Committee, the Senate Finance Committee, and the White House, released its […]

By Robin A. Lloyd, Sr., J.D. Although most taxpayers file their returns by the normal April 15 due date (March 15 for Corporations, Partnerships and other foreign entities), a large number of taxpayers will file automatic 6-month extensions in order to file their return by October 15 (September 15 for Corporations, Partnerships and other foreign […]

Hurricane Irma, an historically powerful and potentially devastating hurricane, continues to strengthen in the Caribbean, and we would like to extend our well-wishes to everyone in its path. As long-standing residents of Florida, we know how serious these storms can become, and we hope everyone stays safe and is taking proper precautions, preparing for the […]