Blog

Year: 2021

2021 Estate Planning Environment: Part Two

July 12, 2021 by Brendan Lacy
Estate and Gift Taxes
Part Two of our blog post series focuses on Senator Bernie Sanders’ proposal to change the estate and gift tax laws.  While President Biden’s proposal did not change the existing estate and gift tax laws, Bernie Sanders’ “For the 99.5% Act” proposes significant changes to the current estate and gift...
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2021 Estate Planning Environment: Part One

June 29, 2021 by Brendan Lacy
Estate and Gift Taxes
Now that the democrats have control of all three branches, there have been a few estate planning proposals that could significantly alter the estate planning landscape.  Over a series of three blogs, I will discuss: President Biden’s proposal to treat gifts/death as a realization event Senator Bernie Sanders’ proposal to...
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IRS Postpones April Deadline

March 30, 2021 by Allison Stevens
Copeland Buhl
The IRS has postponed the April 15, 2021 deadline for individual taxpayers to May 17, 2021.  This covers both the tax return itself (Form 1040) and the payment of any 2020 balances due. Minnesota has also pushed back the due date until May 17 for individual taxpayers. In addition, the...
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IRS Issues Employee Retention Credit Guidance for 2020

March 18, 2021 by Ali Carbo
Copeland Buhl
The Employee Retention Credit (ERC) became more relevant for many employers with the passage of recent tax laws.  The credit is now eligible for Paycheck Protection Program (PPP) borrowers and the credit extends through December 2021. The IRS recently issued guidance on the 2020 credit, such as eligibility requirements and...
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