Corporate Transparency Act is Back on: March 21,2025 is the new functional due date.
FINCEN may change this, but the avenues for appealing are narrowing quickly.
We are treating this as the significant deadline for Beneficial Ownership Information filing.
https://www.fincen.gov/sites/default/files/shared/FinCEN-BOI-Notice-Deadline-Extension-508FINAL.pdf
Will the Estate Tax Actually be Repealed?
What seemed unthinkable 6 months ago, could become a reality.
The House and Senate have put forward proposals to eliminate the estate tax.
While the political calculus and horse trading around this proposal is just starting, Marty Shenkman provides some insight into the proposals.
And he handicaps the likelihood of passage.
https://www.forbes.com/sites/martinshenkman/2025/02/20/estate-tax-repeal--could-it-be-real/
Is this really the “GrEaTeSt TrAnSfEr of WeAlTh in HiStOrY?”
Has the size and scope of the coming intergenerational wealth transfer been turned into a marketing tool?
While the size of the asset transfer is undoubtedly large, many of the numerical assertions from the consultant class are becoming outlandish.
In this article for the CFA Institute, author and family office expert, Jim Grubman puts some context around the breathless claims of the size and scope of coming wealth transfer.
https://www.cfainstitute.org/insights/articles/great-wealth-transfer-myths-reality