INTEL Insights

Explore insights on tax, election and legislation updates

INTEL

Major Update to Small Business Law

The Corporate Transparency Act went into effect on January 1, 2024, and impacts millions of small businesses in the US. Here's what you need to know.
The companies impacted by the CTA are mainly the millions of US-based small businesses with 20 or fewer employees and less than $5 million in revenue.
INTEL

Will the Latest IRS Adjustments Change Your Tax Bill?

Annual inflation adjustments to tax provisions were announced in October 2024. Learn how this may change your 2025 tax return.
More than 60 changes were made this year, including standard deductions, marginal rates and alternative minimum tax exemptions.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

INTEL

2024 Changes to Real Estate Commission Payments

In August 2024, changes to residential real estate agent commissions went into effect. Learn the potential impacts on home purchases and sales.
In late August 2024, the National Association of Realtors, or NAR, made several changes to real estate agent commissions and disclosures to make realtor compensation more equitable and transparent for home buyers and sellers.
INTEL

Stock Redemption Agreements No Longer Reduce Tax Liabilities

A 2024 Supreme Court ruling means death benefit proceeds from company-owned shareholder insurance increase taxable estate value.
The June 2024 Supreme Court decision in Connelly v. Internal Revenue Service held that a corporation's stock redemption agreement doesn't offset the value of life insurance policy proceeds applied to fund the redemption.
INTEL

Understanding New Retirement Plan Legislation

2024 kicked off a new wave of retirement plan changes under the SECURE Act 2.0. Here are the critical updates to know.
The SECURE Act 2.0 changes affect the regulations governing qualified retirement plans, individual retirement accounts and 529 education savings plans.

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