This article was recently published in the New York State Society of CPAs TaxStringer Newsletter.Since New York has decoupled from certain personal federal income tax changes for 2018 and after, the state and federal tax treatment of those items will differ.
Possible tax planning benefits, yet limited investment potential. Qualified Opportunity Zones (QOZs) were created under the 2017 Tax Cuts and Jobs Act as a way to incentivize long-term investments in underserved communities.
Wilmington Trust’s Alvina Lo, Brian Oard and Adam Bakash discussed a variety of wealth transition and legacy planning topics with tax and estate planning lawyers, risk and insurance professionals, and a financial education expert at the 2018 Hawaii Tax Institute Conference.Hear their insights on electronic wills, spousal lifetime access trusts, financial literacy, estates and trusts, gifting, and more.
