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  • Federal Estate Tax and Gift Tax Changes in the Tax Cut and Jobs Act Provide New Opportunities for Tax Savings
    Federal Estate Tax and Gift Tax Changes in the Tax Cut and Jobs Act Provide New Opportunities for Tax Savings

    Most of the changes in the Tax Cut and Jobs Act, which became effective on January 1, 2018, relate to income taxes. However, the law includes important and significant changes that affect federal ...

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  • Congress Closes Kiddie Tax Loophole
    Congress Closes Kiddie Tax Loophole

    Sometimes the best-laid plans go awry – and this time, you can blame Congress. If part of your tax planning included giving appreciated stocks, mutual funds or other assets to your teen or college ...

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  • What to Do if You Inherit an IRA
    What to Do if You Inherit an IRA

    As more and more people open individual retirement accounts (IRAs) it becomes more and more likely that some of those account will pass from the IRA owners to their beneficiaries. Here’s what you need ...

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  • ABLE Accounts in Michigan - Savings Plans for Individuals with Disabilities and their Families
    ABLE Accounts in Michigan - Savings Plans for Individuals with Disabilities and their Families

    ABLE stands for Achieving a Better Life Experience. The federal ABLE Act, signed into law in 2014, allows states to set up ABLE programs. The program was established to assist individuals with ...

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  • Will You Owe 2016 Gift Taxes?
    Will You Owe 2016 Gift Taxes?

    Michigan, like most states, does not have a state gift tax. However, the federal gift tax law in the Internal Revenue Code applies to everyone in all states, including Michigan. In any year, if you ...

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  • Funeral and Burial Planning and Common Disputes
    Funeral and Burial Planning and Common Disputes

    When a loved one passes away, family and friends feel stricken with grief and loss. During this difficult time, figuring out how to handle the deceased’s estate and carry out their wishes can be an ...

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