Comiter Singer Partner Andrew R. Comiter presented “Navigating Choppy Waters: Effective Succession Planning for Challenging Business Transitions” at the Florida Tax Institute on February 6, 2025. His insights provided valuable guidance on structuring successful business transitions in complex scenarios.
The US Supreme Court on Thursday said it will allow the government to implement the Corporate Transparency Act, requiring millions of businesses to file information on their beneficial owners. The justices stayed the injunction blocking the enforcement of the CTA, which requires US entities to disclose who owns and controls their businesses.…
Comiter Singer Partners Mark R. Brown and Christopher Weeg co-authored the article “Planning with Florida Tenancy by the Entireties” for the 26th Annual Estate Planning Supplement. Published in partnership with the Palm Beach Daily News by The Palm Beach County Estate Planning Council, Inc., this long-standing supplement features expert insights…
Two recent developments have occurred with the Corporate Transparency Act (CTA). **Hurricane Milton Relief** The Financial Crimes Enforcement Network (FinCEN) has granted extensions to certain filing deadlines for victims of Hurricane Milton. For eligible victims of Hurricane Helene, beneficial ownership information (BOI) reports (initial or updated) due on or between…
The IRS released inflation-adjusted tax figures for 2025. Below are some notable highlights affecting various provisions in the Internal Revenue Code applicable for the 2025 tax year The lifetime gift, generation-skipping transfer, and estate tax exclusion amounts have been increased from $13,610,000 to $13,990,000. The gift tax annual exclusion…
