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What Does the New Qualified Business Income Deduction Mean for You?

To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.

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Irrevocable Life Insurance Trusts: Administration Checklist

An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.

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Repealing the Tennessee Hall Tax

The repeal of the Tennessee Hall tax was signed by Governor Bill Haslam intending to repeal the Hall Tax by January 1, 2022.

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Preparing to be an Executor

The role of an executor can be extremely time consuming and stressful. However, there are steps that can be taken now, while your friend or loved one is still living, that can reduce the stress and complications that come with the job. This article covers 9 steps.