One aspect of the “Big Beautiful Bill” that was signed by President Trump on July 4, 2025 – Section 70106 of H.R. 1 – means that Congress acted quicker than I expected on the estate tax sunset. Under the Tax Cuts and Jobs Act of 2017, the estate tax exemption (currently $13,990,000 for 2024) was...Read More
Pending Appeal in Fifth Circuit – in the Latest Update on the CTA, “it’s back on” On February 17, 2025, in Smith v. U.S. Department of the Treasury, No. 6:24-cv-00336 (E.D. Tex. Feb. 17, 2025), the US District Court for the Eastern District of Texas stayed the nationwide injunction it had issued January 7, 2025,...Read More
US Supreme Court Issues Decision on Stay of Injunction Today, January 23, 2025, the US Supreme Court issued its decision on the application of the DOJ for a stay of the nationwide injunction in the Texas Cop Shop case out of the 5th Circuit. Application (24A653) for stay presented to Justice Alito and...Read More
Provided by James A. Carolan, CWS®, CTFA | Sr. Estate Planning Attorney for EWM Legal Solutions The nationwide injunction against FinCEN enforcing the Beneficial Owner Report (BOI) filing under the Corporate Transparency Act (CTA) remains in effect as of January 9, 2025. For now. The Department of Justice (DOJ) filed an Emergency Motion for Stay Pending...Read More
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