Discussion of UBI on Qualified Employee Parking As a result of the passage of the Tax Cuts and Jobs Act, certain fringe benefits provided to employees generate Unrelated Business Income if provided after December 31, 2017.  The amount of UBI is equal to the costs associated with providing these benefits that would be disallowed [...]

ILITs and IDGTs: The Renewed Case for Old Friends When Congress passed the American Taxpayer Relief Act of 2012 (“ATRA”), the unified credit for gift and estate tax became permanently set at $5 million. Not only was the unified credit set at the highest amount in its history, but it was further increased by [...]