There are several ways that small businesses may be impacted by the recent House proposed tax changes.
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
Estate planning remains important for investors despite changes under the new tax law.
The new tax law could have a significant impact on how individuals and small businesses file income taxes and make tax planning decisions.
Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.