Cozen O'Connor’s Post

The American Housing and Economic Mobility Act of 2024 aims to raise estate tax rates and limit popular estate tax strategies. 📈 🔗 Bob Keebler reports: https://hubs.li/Q02KpFCk0 . . . #legalupdates #taxnews #attorney #lawyer #courtcase #cpa #estateplanning

Thank you for sharing this, Jessica Partridge TEP! Inheritance tax can be a complex area, and your case study is a valuable resource for anyone looking to navigate it more effectively. Check it out. 🌟 #inheritancetax #legal #sussex

🚨 Breaking Legal Update! 🚨 📰 The US Supreme Court has made a landmark ruling in Connelly v. United States 🏛️, putting an end to a significant estate tax avoidance method. In this unanimous decision, the court held that taxpayers can’t reduce the value of a decedent’s shares in closely held corporations by simply agreeing to redeem those shares upon death. This ruling aligns with Section 2703 of the tax code, preventing the artificial reduction of corporate value for estate tax purposes. 🏢💼 This decision reaffirms that redemption obligations can’t offset non-operating assets, a significant win for tax logic and policy. It emphasizes that life insurance policies used to fund redemptions are treated the same as other corporate assets. 💡📜 For more in-depth analysis, read the full article by Adam Chodorow from ASU. 📝 #EstatePlanning #TaxLaw #SupremeCourt #BusinessLaw #CorporateTax #WealthManagement #LifeInsurance #TaxStrategy #LegalUpdate #BloombergLaw

What Are the Advantages of Having a Deed Prepared by Laguna Legal vs. Doing It Yourself? Here at Laguna Legal our deeds are coded properly to avoid property tax reassessment. Sometimes this requires multiple steps which we handle for you! #lagunalegal #propertytax #deed #assessor #assessment #reassessment #lowtaxrate #taxes #avoidtaxincrease

What Are the Advantages of Having a Deed Prepared by Laguna Legal vs. Doing It Yourself? Here at Laguna Legal our deeds are coded properly to avoid property tax reassessment. Sometimes this requires multiple steps which we handle for you! Give us a call today, (800) 497-9850 #lagunalegal #propertytax #deed #assessor #assessment #reassessment #lowtaxrate #taxes #avoidtaxincrease

Form 706 is a tax form used to report the value of a deceased person’s estate and to calculate any federal estate tax owed. When a person dies, their assets are often transferred to their heirs through their will, a trust, or intestate succession laws. If the total value of the assets transferred is above ...... https://lnkd.in/gWfesYFe

Are you aware of the pitfalls of the ‘7 year rule’ and Inheritance Tax? 🏡 Are you planning your estate but unaware of the complexities of inheritance tax? One key area to understand is the concept of "gifts with reservation of benefit," which can significantly impact your tax liabilities. At Carbon, we've created a guide that breaks down everything you need to know about managing these types of gifts effectively. From defining what qualifies as a lifetime gift, to exploring compliance strategies and considering tax responsibilities. 🔗 Read the full article here: https://shorturl.at/uhNnR If you’re thinking about making substantial gifts or just want to understand your options, we are here to help. #InheritanceTax #EstatePlanning #LegalAdvice #CarbonLawPartners #Law #LegalProfession 

Understanding the tax implications of a settlement is essential for anyone who has received or is expecting to receive a settlement from a personal injury claim. This tax exemption applies to compensation received for physical injuries or physical sickness only. The rationale is that these settlements are not income but rather compensatory, meant to restore the victim to their financial state before the injury. Learn more about exceptions to this rule and more about settlement taxation in New Jersey here: https://buff.ly/3Tnr2lO #Taxation #Taxes #Settlement #NewJersey #EpsteinLawFirm #LawFirm #PersonalInjury #Lawyer

Real estate taxes can be complex. Peet Law Group provides insights into the tax implications of your property transactions, helping you navigate the financial aspects with clarity and confidence. https://bit.ly/3OTdxqu

Thanks to Liz Cryan at The Real Deal  for including my point of view as an expert in NYC property tax assessment appeals with Ryan. Going to the Tax Commission before taking legal action is an important step. The full story is behind a paywall here: https://lnkd.in/g5KpENUv #NYC #PropertyTax #CRE #TaxAssessments #ryantax