skip to main content
X

Services

Tax

We’re committed to relieving the tax burdens of businesses, individuals, and families. With a careful assessment of your situation, our tax professionals develop a uniquely customized strategy for your tax planning needs with the objective of minimizing your tax liability. 

TO GIFT OR NOT TO GIFT

February 17, 2020

TO GIFT OR NOT TO GIFT

In today’s world of political uncertainty, there are some tax planning ideas you should consider during 2020.

The Tax Cuts and Jobs Act of 2017 increased the estate and gift tax exemption to $11.4 million per individual and $22.8 million for married couples. The top estate and gift tax rate is 40 percent, so the savings can be significant. In addition, there has been reports in the press that if there is a change in presidential leadership, these exemption amounts could be reduced significantly... 

To see the items to consider during 2020 to take advantage of the generous estate and gift tax exemption amounts, click here to read the full article written by Columbia office managing director Harold L. Mohn, Jr. for I95 BUSINESS.

Hide Firm Disclaimer

©2020 UHY LLP. ALL RIGHTS RESERVED.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.