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Thomson Reuters Checkpoint Calculates Projected Inflation-Adjusted Figures for Estate and Gift Taxes for 2016

ThinkstockPhotos-482577350Thomson Reuters Checkpoint has calculated the projected inflation-adjusted amounts for several transfer tax figures for 2016. These calculations are based on the average Consumer Price Index (CPI) for the 12-month period ending on August 31, 2015. Please note that these are the projected inflation-adjustments and not the official figures from the IRS which will be released later in the year.

The following relevant items are included within this report:

• The “unified credit” or lifetime gift tax and estate tax exemptions are projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016.

• The generation-skipping transfer tax exemption is also projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016.

• The gift tax annual exclusion is not projected to increase; it is projected to remain $14,000 in 2016.

• The gift

Who’s Richer Than the 1%?

Who’s Richer Than the 1%?

September 11, 2015

Authored by: Stephanie Moll

ThinkstockPhotos-80614811Are you getting ready to write that big check to the IRS?  If so, you should be aware that the IRS is no longer accepting checks in amounts larger than $99,999,999.00.  In Internal Revenue Bulletin 2015-36, the IRS announced that, starting on January 1, 2016, the IRS will begin returning checks in amounts greater than $99,999,999.00 to the originator.  If you are one of the unlucky few who owe this much in tax (I might disagree and say you’re lucky to owe that much because how much do you have left after paying $100 million in tax?) you should be aware that you will have to send the IRS more than one check to make your payment.

Starting and Governing a Nonprofit 501(c)(3) Organization in Missouri

When: Thursday, Oct. 22, 2015, from 9 a.m. to 5 p.m. Where: Social Sciences and Business Building — SSB # 411 on the UM-St. Louis North Campus Fee: $89 (includes lunch)

Program Description:  Starting a 501(c)(3) nonprofit organization and governing a 501(c)(3) nonprofit organization are flip sides of the same coin.  Steps you take in forming a 501(c)(3) nonprofit corporation affect how your organization must operate in the future. Steps you take in the governance and operation of your 501(c)(3) nonprofit corporation affect your ability to maintain your 501(c)(3) tax-exempt status with the IRS on an ongoing basis.

Come to this class to learn how to start a Missouri nonprofit corporation that will seek to obtain 501(c)(3) tax exempt status from the IRS. In addition, this class will also cover good governance policies, strategies, and requirements that will allow your organization to maintain its 501(c)(3) tax exempt status on

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