Introduction Estate planners and high-net-worth individuals frequently encounter challenges in selecting the appropriate trust structure, where the choice between grantor and non-grantor trusts can profoundly influence income tax liabilities,...
Introduction With major tax reforms proposed under Trump’s 2025 plan including rate reductions, expanded credits, and business incentives tax planning is no longer optional. It’s essential. Whether you’re a...
The Credit for Other Dependents (ODC) Provides a straightforward benefit of $500 per eligible dependent, but its true value is much greater when integrated strategically into comprehensive tax planning....