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The Tax Cuts and Jobs Act – What did not change

What did not change? The new Act encompasses many new and updated provisions including the new code §199A, addressing the taxation of income generated from pass through entities.  However, the followings are sections that were unchanged: No Change to Capital Gains...

Keeping Control with a REVOCABLE LIVING TRUST

Revocable Living Trust There are several different kinds of trusts. An irrevocable trust is frequently used in tax planning. After it has been set up, you usually cannot change it or remove assets that have been transferred into it. A testamentary trust is created...