The IRS has issued the estate and gift tax limits for 2017 (Rev. Proc. 2016-55). For an estate of a person dying in 2017, the basic exclusion amount is $5,490,000 for determining the credit against federal estate tax. This means […]
The Internal Revenue Service (“IRS”) has extended the deadline for 2016 Information Reporting by employers (and other entities) to individuals under Internal Revenue Code sections 6055 and 6056 by just over one month. However, the deadline for these entities […]
New rules for Medicare services are about to take effect that will give people greater access to preventative care. The Centers for Medicare & Medicaid (CMS) decided that, beginning January 1, 2017, Medicare will pay more for cognitive and behavioral […]
As an employer, you are likely subject to Title VII of the Civil Rights Act. But did you know that your group health plan may also be subject to similar nondiscrimination rules? Employers should carefully analyze whether and to what […]
Under current Medicaid policy, what you don’t know about care contracts might actually hurt you. The definition of what is considered a care contract under Medicaid policy is broad. Currently, any arrangement under which an individual is paying for health […]
On July 2, 2013, the Governor signed into law 2013 Public Act 98 which made some very significant changes to Michigan’s Inland Lakes & Streams and Wetlands Protection Acts which are known as “part 301” and “part 303,” respectively, of […]
The diagnosis of Alzheimer’s disease makes planning for the future more important than ever. There are programs available that can help offset costs for families, but it’s crucial to have accurate information about legal and financial planning before making any […]
Nine days before the December 1, 2016, effective date, a federal district court in Texas has issued a nationwide injunction against implementation of the United States Department of Labor’s new rules which would dramatically increase the salary thresholds for most […]
It seems that for the foreseeable future, the federal estate tax will continue to affect only the very wealthy Americans. The currently high federal estate tax exemption, coupled with the portability feature, means that for most Americans, the federal estate […]
This week, attorney Marlaine C. Teahan hosted a seminar, “Get Your Ducks In A Row,” with with Certified Financial PlannersTM David Shotwell and Beth Baer of Shotwell Rutter Baer, and with Diana B. Mitchell, CPA, CSEP, Senior Tax Manager at Maner […]