On December 20, after much deliberation, the final version of the tax cut bill has passed Congress and now awaits the president’s signature. Of primary interest to family law practitioners is Section 11051 of the legislation, which repeals the alimony deduction provided under Section 215 of the Internal Revenue Code, and the requirement under Sections 61(8) and 71 that alimony income be included in the payee’s income.
Using assets in an individual retirement account to support a charity can offer tax advantages, but it's important to understand the rules and determine whether donating other assets may be more tax efficient.
Northeast regional vice president ranked third by loan volume for bank-affiliated originators in Massachusetts.
Leo Grohowski on Bloomberg Markets AM discussing economic growth, rate hikes and the Fed, volatility and valuation.
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