In March, Wright Ford Young & Co. had two new hires join our team in our audit and estate and trust departments. Andre Nielsen joined our audit department as Audit Staff and Jason Gonzalez joined our estate and trust department as Diligence Coordinator. We are excited to have these two new team members join WFY. Andre Nielsen Andre Nielsen joined our audit department as Audit Staff during the month of March. He graduated from Central Washington University in 2019 with his Bachelor’s degree in Accounting. Prior to WFY, Andre has three years of public accounting experience. He currently resides in
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Archives for trust
Estate and Gift Tax 2018 Inflation Adjustments
On October 19th, the IRS issued Revenue Procedure 2017-58, the annual inflation adjustments for 2018 for many tax provisions, including exemptions for estate, gift and generation-skipping transfer (GST) taxes as well as the annual exclusion amount for gifts as follows: Estate, Gift and GST Tax Exemption Increases to $5,600,000. For estates of decedents who pass away during 2018, and for gifts made during 2018, the combined estate and gift tax exemption will increase to $5,600,000, up from a total of $5,490,000 for estates of decedents in 2017. The generation-skipping transfer exemption increased as well to $5,600,000. In 2018 an individual can
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cpa, estate, exemptions, gifts, IRS, tax, trust, wfy, and wright ford young.
cpa, estate, exemptions, gifts, IRS, tax, trust, wfy, and wright ford young.