A major component of the American Rescue Plan was the enhanced Child Tax Credit. This credit is a refundable tax credit of up to $3,600 per child. Not only it is refundable, but Congress requires the IRS to provide advanced, upfront payments of this credit in 2021. This means that eligible famili...
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On April 8, the IRS released Notice 2021-25, which provided guidance in determining which meals may be fully deductible under the new IRS rules and which are remain subject to the fifty (50%) percent limitation. Under long-standing IRS rules, the deduction for food or beverage expenses is general...
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Estate Planning and Wealth Transfer Topics on the Horizon:
Reduction to the exemption for estate, gift and Generation Skipping Transfer Tax (GST). Without new legislation, the current exemption is $11.7 million (or $23.4 million per couple) for estate and gift taxes and is set to expire on Decemb...
The cost of long-term care is a concern for all Florida seniors. The annual cost continues to rise and makes it untenable for most to afford it. It is estimated that an individual turning age 65 has a seventy (70%) percent chance of needing long-term care at some point. The most expensive state f...
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Consulted Marc Soss and found him very helpful and considerate. He is an honest and very capable attorney.
Estate Planning Adjustments for Tax Year 2020
With 2020 quickly approaching it is important to be aware of the changes you can expect. For tax year 2020, taxpayers will see their Federal Exclusion amount (and GST Exemption amount) increase to $11,580,000, from $11,400,000 (an $180,000 increase)....
The Internal Revenue Service has announced the inflation adjustments for the estate and gift tax exclusion, the generation-skipping transfer tax exemption, the gift tax exclusion, and other estate planning rates for 2020.
- The federal estate and gift tax exclusion amounts will increase from $11...
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I called regarding a matter with my parents and Marc was very helpful.
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- Anton SI hired Marc after reading reviews on Avvo. I hired him due to high ethical standards described in the reviews. I was not disappointed. Marc finished our postnup in about a week and had no issues editing the initial draft. We agreed on around $1000 for the postnup, but Marc actually did it for 800, since he was able to do it faster, than anticipated. I was expecting 1000-1500, since this is how "around 1000" usually turns out, so I was really pleased and surprised, that he worked rather in my interest, than his. I will recommend this lawyer and come back to do my will and estate planning. I highly recommend Marc! Very honest lawyer with high ethical standards!
- Joe SMarc was very competent and knowledgeable. He was able to assist me through a series of complex legal questions. Highly recommended.
- Randy KMarc is a very knowledgeable, personable attorney who was very easy to work with. We had to redo our estate documents. Marc provided great advice and best practices, making this a painless but well informed process. His fee was fair and eliminated the "nickel dime" approach. We would highly recommend engaging Marc for his legal expertise.
| Mon: | 9:00 AM – 5:00 PM |
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| Tue: | 9:00 AM – 5:00 PM |
| Wed: | 9:00 AM – 5:00 PM |
| Thu: | 9:00 AM – 5:00 PM |
| Fri: | 9:00 AM – 5:00 PM |
| Sat: | Closed |
| Sun: | Closed |