Income and Estate Tax Mitigation Strategies through the eyes of a Tax Attorney

Overview

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CPAs and accountants need to understand income and estate tax minimization techniques.
The current $12.92 million estate and gift tax exemption will ““Sunset”” after December 31, 2025. The loss of approximately $6-7 million in exemption can result in an additional estate tax of $2.4 million or more if proper planning is not implemented prior to December 31, 2025.

Tax Attorney, Nicholas C. Guerra, Esq., LL.M., explores creative estate planning strategies to minimize both income taxes and estate taxes. The presentation will provide an overview of the estate tax, and estate planning techniques to address the scheduled reduction in gift and estate tax exemptions at the end of 2025. Topics that will be discussed are (i) strategic leveraged gifting transactions, (ii) income tax minimization strategies utilizing C corporation stock (QSBS), (iii) state income tax minimization strategies utilizing out-of-state trusts, and (iv) income and estate tax minimization strategies utilizing life insurance structures.

The course has been approved for up to one hour(s) of Accounting & Auditing CPE credit.

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