Insights & Resources

Weaver provides a discussion of the proposed changes to the RMD rules for distributions from a defined contribution plan after the participant’s death.

Weaver highlights strategies to consider when planning and executing estate and gift tax and explains why now is the perfect time to act.

The IRS issued proposed regulations that introduce present-value principles to determine the amount deductible by an estate for funeral & other expenses.

The IRS has issued guidance to taxpayers regarding claiming the alternative fuel tax credits for the first three quarters of 2022.

The IRS announced it will forgive certain failure to file and international information return penalties for certain 2019 & 2020 tax returns.

Pennsylvania (PA) enacted H.B. 1342, which includes corporate and personal tax changes. The bill reduces the corporate net income tax (CNIT) rate over nine years from 9.99 percent to 4.99 percent. The rates for these years are:

The recently signed Inflation Reduction Act of 2022 reinstates Superfund excise taxes on crude oil and imported petroleum products for the first time since 1995.

The Inflation Reduction Act of 2022, includes a number of the renewable energy tax provisions originally contained in the Build Back Better Act.

The Inflation Reduction Act extends the biodiesel & alternative fuel credits, provides a new credit for sustainable aviation fuel and much more.

Making improvements to a rental property may have tax implications for landlords and tenants. Find out more.

Weaver's tax professionals have reviewed the legislation signed by President Biden on Tuesday, August 16, and highlight its key provisions here.

An upcoming reduction in the amount of an estate that can be passed on to heirs without paying taxes has many families wondering if they will have a large tax bill upon the death of a loved one. Currently, this tax-free amount, known as the unified credit or exclusion amount, is $12,060,000, but it is set to decline in 2026 to $5 million (adjusted for inflation). Likewise, tax rates will increase in 2026 to 45% from the current top rate of 40%.