Estate Tax – The Burns Firm – Advisors of Complex Financial Matters

Why Estate Planning Still Matters

December 30th, 2025|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, CPADallas, Dallas CPA, Dallas tx accountant, Estate Planning, Estate Tax, Estate Tax Exemption, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, Estate planning, Estate Tax Law, tax, tax advisor, Tax planning, Texas CPA, The Burns Firm|

Given the dramatic increase in the federal gift and estate tax exemption over the last 20 years, there's a common misconception that federal estate planning is a concern of [...]

Tax Breaks in 2025 and How The One, Big, Beautiful Bill Could Change Them

June 10th, 2025|Categories: Accountant, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, Estate Tax, Gift Tax, One Big Beautiful Bill 2025, Tax, Tax Advisor, Tax Breaks, The Burns Firm|Tags: 2025 Tax Breaks, Auto Loan Interest, child tax credit, CPA, cpa near me, CTC, Dallas CPA, electric vehicles, Estate and Gift Tax Exemption, North Texas CPA, One Big Beautiful Bill, standard deduction, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being [...]

The Advantages of a Living Trust for Your Estate Plan

June 3rd, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estate Planning, Estate Tax, Living Trust, Tax, tax accountant, Tax Advisor, Texas CPA, The Burns Firm|Tags: CPA, CPA Dallas, cpa near me, Estate Plan, Living Trust, tax, tax advisor, The Burns Firm|

Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in [...]

Federal Estate and Gift Tax Outlook 2025

February 11th, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Estate Tax, Gift Tax, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Cuts and Jobs Act, TCJA, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, estate tax, gift tax, tax accountant near me, tax advisor, TCJA, Texas CPA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) significantly increased the unified federal estate and gift tax exemption through the end of 2025. However, for 2026, it's currently scheduled to [...]

It’s Time to Think About Today’s Favorable Gifts and Estate Tax Rules

September 25th, 2024|Categories: Accountant, Anti-Clawback Rule, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estate Tax, Gift Tax, Services, Tax, Tax Advisor, TCJA, Texas CPA|Tags: Anti-Clawback Rule, CPA Dallas, cpa near me, Dallas CPA, Estate Tax Rules, Gift Tax Rules, tax, tax advisor, TCJA, Texas CPA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax exemption from $5.49 million in 2017 to $13.61 million in 2024. If you're married, [...]