This column first appeared in the San Antonio Express News on December 22, 2017. On Friday, December 22, 2017, President Trump signed the Tax Cut and Jobs Act (TCJA) into law. The new law makes large modifications to the income tax system, but this column will focus on changes to the estate and gift tax system. The house version of the TCJA proposed to eliminate the estate tax altogether. The senate version retained the estate tax, but doubled the allowable exemption. The fin

This column first appeared in the San Antonio Express News on November 6, 2017. President Trump’s tax bill - the “Tax Cuts and Jobs Act” (HR 1) is now before Congress. It must be debated and considered by both the people and by Congress before it becomes law. You have an opportunity to examine the 429 page proposal (at https://waysandmeansforms.house.gov/uploadedfiles/bill_text.pdf) and to express your opinion to your representatives. What are some provisions that may affect

This column first appeared in the San Antonio Express News on December 29, 2015. Dear Mr. Premack: I just got a brief email from a charity to which I make donations. They said there is a new tax law and I should give them a boatload of money. What is the new law? Any details? – D.S. Congress passed and on December 18 the President signed the Consolidated Appropriations Act of 2016 (HR 2029) which contains a law called the “Protecting Americans from Tax Hikes Act of 2015”. The