Blog - "Altman Speaks"

Unveiling the Impact of Charitable Giving

Compared to residents of other wealthy nations, Americans are more likely to give their time and money to help others. In 2023, the United States ranked ninth in per capita gross domestic product (GDP) but fifth on the World Giving Index rankings.1 Polling shows that Americans trust nonprofits more than government or business. Still, they […]

Corporate Transparency Act Preliminarily Enjoined Nationwide by a Texas Federal Court

The Corporate Transparency Act (CTA) News The CTA requires reporting companies to file a report with the Financial Crimes Enforcement Network, known as FinCen, by January 1, 2025. Reporting companies must provide beneficial ownership formed or registered to do business before January 1, 2024, and within 90 days following formation. On December 3, 2024, the […]

Happy Thanksgiving from the Altman Team

Wishing you a warm and happy Thanksgiving! 🦃🥧 From all of us at the Altman Team, we hope you enjoy a wonderful day filled with family, friends, and good food. Safe travels and happy holidays!

IRS 2025 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions

The IRS released the 2025 annual inflation adjustments for various tax provisions. Effective January 1, 2025, the estate and gift tax exclusion amount and the generation skipping transfer (“GST”) tax exemption are scheduled to increase from $13,610,000 to $13,990,000. This is an increase of $380,000 per person or $760,000 for a married couple. Individuals who […]

Veterans Day 2024

Today we honor the brave souls who sacrificed for our nation. Thank you for your service.

New Beneficial Ownership Information Filing Requirement

We are sending you an important update regarding Beneficial Ownership Information (BOI) filing requirements mandated by the Financial Crimes Enforcement Network (FinCEN). As of January 1, 2024, all entities registered with a state, including corporations, LLCs, and similar entities, must disclose their beneficial owners. This is a significant change; failure to comply with these new […]

How Concerned Should You Be about Estate Tax Issues?

If you have significant wealth, you may be exposed to future estate tax burdens that must be acted on before the Tax Cuts and Jobs Act reduces the estate tax exemption in 2026. Developing and implementing proper estate planning and tax strategies takes time. You may need to prepare even if the estate tax continues at […]

Series on Estate Tax: The Countdown Begins

2025 is quickly approaching, bringing substantial changes that may affect your estate tax situation—with the critical exemption scheduled to be cut after 2025. Now is the time to review your estate plan and ensure wealth stays in the family. The Tax Cuts and Jobs Act (TCJA) of 2017 significantly increased the federal estate tax exemption […]

Client Scenario

A client approached me with an estate problem: her mother passed away in December 2023, and she received an inheritance from her, but my client will receive the inheritance outright and free of trust. My client's concern was that she wanted to make sure her children (and not her spouse’s children) would receive the inherited assets […]

Intrafamily Loans and How They Work

Often, I am asked for my opinion on making loans to family members. The client’s son wants to purchase a new home but wants his inheritance now to do so. An intrafamily loan is a financial arrangement between family members—one lending and another who is borrowing. An intrafamily loan may help a family member who […]

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Recent Posts

Unveiling the Impact of Charitable Giving

Corporate Transparency Act Preliminarily Enjoined Nationwide by a Texas Federal Court

Happy Thanksgiving from the Altman Team

IRS 2025 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions

Veterans Day 2024

New Beneficial Ownership Information Filing Requirement

How Concerned Should You Be about Estate Tax Issues?

Series on Estate Tax: The Countdown Begins

Client Scenario

Intrafamily Loans and How They Work

1 2 3 … 77 Next »