President Trump unveiled a budget proposal for the 2021 fiscal year. Of note, the income tax and estate tax cuts provided in the Tax Cut and Jobs Act of 2017 which are scheduled to expire on January 1, 2026, are being extended in this proposal to 2035. This includes the increased estate tax exemption of $11 million per person, plus annual cost of living increases. It remains to be seen how Congress will respond to this proposal.
The U.S. Fifth Circuit Court of Appeals reinstated a nationwide injunction on the reporting of…
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit stayed a…
In the spirit of the holiday season, the attorneys and staff at O’Neil Cannon once…
Beginning January 1, 2025, Wisconsin will implement a new excise tax on electric vehicle (EV)…
Making good use of the recent office renovations at O’Neil Cannon, the firm organized a…
On December 3, 2024, the U.S. District Court for the Eastern District of Texas granted…