Month: November 2021

Build Back Better Act: Updated Biden Tax Proposal

Posted on by Jason Heman

On November 3, the House Rules Committee issued an updated version of its new tax proposal known as the Build Back Better Act.  The Act represents a drastic simplification of the original proposal released by the House Ways and Means Committee on September 13.  The changes are in conjunction with President Biden’s infrastructure package being […]

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Biden Tax Proposal: Estate Planning Implications

Posted on by Jason Heman

Update: It now appears the gift/estate and GST lifetime exemptions and modifications to grantor trust rules may be excluded from the revised plan known as the Build Back Better Act. We will provide additional updates once the bill has passed. The September 13 tax proposal from the House Ways and Means Committee contains many significant changes to gifting rules […]

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