Do not let constant political and financial speculation prevent you from making tax-free annual exclusion, medical-payment, and educational gifts to or for the benefit of your loved ones. Make Annual Exclusion Gifts Annual exclusion gifts are transfers of money or property in an amount or value that does not exceed the annual gift tax exclusion. In 2021, the annual gift …
If your business made or received payments to independent contractors and entities (other than compensation to your employees) during the calendar year, it’s likely you must file an information return called a Form 1099 with the IRS. You may also need to send a copy of the form directly to the recipient of the payments. Being aware of and meeting …
Today I am getting on an airplane from LGA and heading to Omaha, Nebraska for the American Agriculture Law Association‘s (“AALA”) 31st Annual Agriculture Law Symposium. I’m always excited to meet other food and agriculture attorneys. Nebraska is such a great agriculture state. I haven’t been to Omaha for a few years. This year’s conference has an excellent line-up: On …