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…
In the wake of Hurricane Milton, the IRS expanded previously announced taxpayer relief for impacted taxpayers living in Florida. In IR-2024-264, the IRS amplified and expanded the relief granted in IR-2024-253 to individuals and businesses in Broward, Indian River, Martin, Miami-Dade, Palm Beach, and St. Lucie counties. The relief from…
Dear Clients We are writing to inform you about the upcoming compliance requirements under the Corporate Transparency Act (CTA). As you may be aware, the CTA mandates that certain businesses report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This measure aims to enhance transparency and prevent illicit…
Comiter Singer is proud to announce that Partner Andrew R. Comiter has been elected as one of the newest Fellows of the prestigious American College of Trust and Estate Counsel (ACTEC). Andrew joins an elite group of professionals recognized for their expertise and commitment to estate law, including Cady L.…
Comiter Singer is proud to announce that two of its distinguished attorneys, Andrew R. Comiter and Keith B. Braun, have been recognized as the 2025 “Lawyer of the Year” by Best Lawyers® in their respective fields in West Palm Beach. Andrew R. Comiter has been named the 2025 “Lawyer of the Year” for Tax Law. This prestigious honor is bestowed upon a…
