Jeffrey M. Verdon Law Group, LLP
Ph: 949-988-0939

New Changes in Year-End Tax Legislation

Dear Friends, Colleagues, and Clients,

Congress approved the debt ceiling bill and on August 2, 2011 President Obama signed the Budget Control Act of 2011 (Senate Bill 365, as amended). This calls for a new Joint Committee to weigh year-end tax legislation.

Many of the widely used tax reduction tools and strategies will be under review by the Joint Committee. If you may benefit from entity discounts, GRATs, intra-family sale transactions, dynasty trusts or a host of other planning benefits that have been previously discussed for restriction or elimination, you should consider acting now.

November 2011, not December 31, 2012 might be the new deadline. New changes might be proposed, not just those in the Budget Control Act. Some might be effective from date of proposal. If you haven't completed your estate and income tax planning, you are encouraged to act now in considering using some or all of these tools and finally make the appointment with your tax, legal and financial advisers on a regular basis through these fluid, and potentially dangerous financial times.

Jeffrey M. Verdon Law Group, LLC

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can we help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Newport Beach Office
1201 Dove Street
Suite 400
Newport Beach, CA 92660

Phone: 949-988-0939
Fax: 949-263-1333
Map & Directions

Redwood City Office
303 Twin Dolphin Drive
6th Floor
Redwood City, CA 94065

Map & Directions