Under President Biden, increased taxes for corporations and high-income individuals are a certainty. While COVID relief will take top priority, raising revenue to pay for the economic stimulus will be next on the list. Favorable income taxes, capital gains taxes, gift taxes, and estate taxes will automatically disappear by 12/31/2025 or before depending on the speed of legislation.
Join Donald Hannahs, Senior Vice President, CFP, and Chris Dionot, Vice President, JD, from Wealth Enhancement Group and learn how to take advantage of favorable planning techniques now while they are still available including, low capital gains rates if a dealership is sold or gift tax exemptions for family transfers. Don't delay and find that your business and estate will be penalized for missing good opportunities.