The Corporate Transparency Act (“CTA”), enacted in 2021 and scheduled to effect on January 1, 2024, is aimed at enhancing transparency in business structures and ownership. Its primary goal is to combat illicit activities such as money laundering and tax fraud. This article provides an overview of the CTA and its…
Certain key provisions of the Internal Revenue Code affecting estate planning are indexed each year for inflation. The new year brings in the following increases and estate planning opportunities for 2024. The lifetime gift and estate tax exclusion amounts have been increased from $12,920,000 to $13,610,000. The GST exemption amount…
IRS Releases 2024 Inflation-Adjusted Numbers A silver lining to our current high inflation environment is the IRS’s just-released inflation-adjusted numbers for 2024. Below are some notable highlights affecting various provisions in the Internal Revenue Code applicable for the 2024 tax year: The lifetime gift and estate tax exclusion amounts…
Comiter Singer, is thrilled to announce the inclusion of 13 exceptional attorneys in the 2023 edition of Florida Super Lawyers, which includes the publication’s “Rising Stars” list. This milestone marks the 17th year Richard B. Comiter, Alan H. Baseman, and Patricia Lebow have been recognized, the 11th year for Michael…
Comiter Singer is pleased to announce that Andrew R. Comiter has been appointed as the Tax Litigation and Controversy Co-Chair of the Real Property, Trust, and Estate Law Section of the American Bar Association In his new role as Tax Litigation and Controversy – Co-Chair, Mr. Comiter will play a…