Category: Copeland Buhl
As we enter 2025, rental property owners and managing agents in Minnesota, must be aware of the new requirements for filing Certificates of Rent Paid (CRP). The Minnesota Department of Revenue has introduced a significant change. This year, all CRPs must be submitted online using the state’s e-Services system. This...
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Many of the provisions in the Tax Cuts and Jobs Act (TCJA), the first Trump Administration’s signature tax law, are scheduled to sunset at the end of 2025. Unless Congress acts, the federal gift and estate tax exemption will drop in half — from about $14 million per person...
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On December 26, 2024, the United States Court of appeals for the Fifth Circuit reversed its decision from December 23, 2024, effectively pausing the Corporate Transparency Act (CTA) and its reporting requirements once again. As of now, reporting companies are not required to file BOI reports. As a reminder, the...
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On December 23, 2024, the United States Court of appeals for the Fifth Circuit granted a motion to lift the December 3rd preliminary injunction against the Corporate Transparency Act (CTA) and its reporting rules. The CTA established new reporting requirements that affect many businesses, necessitating certain companies to disclose their...
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Much of the talk about estate taxes these days centers on whether the incoming Trump Administration will extend the high federal exemption ($13.99 million for 2025), which is currently scheduled to sunset at the end of 2025 to its pre-2018 baseline of roughly $7 million. Thanks to the portability election,...
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