On December 27th, President Donald Trump signed the Consolidated Appropriations Act (“Act”), a $900 billion COVID-19 relief bill designed to provide additional aid and fund the government through September 2021. While the new legislation does not [...]
Business owners have faced several challenges this year. Tasked with unprecedented obstacles to keep the doors open and ensure the health and safety of their employees, businesses have one more hurdle to overcome this year. [...]
Buckley Fine Law founder, David P. Buckley, Jr. was recently selected by his peers for inclusion in the 27th Edition of The Best Lawyers in America© in the practice area of Trusts and Estates. Attorneys [...]
Late Wednesday, the IRS released Revenue Ruling 2020-27, which clarified its stance on the timing of Paycheck Protection Program (PPP) loan forgiveness and related tax implications. This much anticipated guidance arrived just in time for [...]
While all eyes were on the election, the Internal Revenue Service announced the official estate and gift tax exemptions for 2021. The annual gift exclusion will remain the same, allowing individuals to give $15,000 to [...]
If you are thinking about gifting assets before year-end, consider creating an irrevocable trust to receive the gift. You can name the intended gift recipients as the trust beneficiaries, such as children, grandchildren, and even [...]
Buckley Fine, LLC, a law firm serving families and businesses in the Barrington, IL area, concentrates on Estate Planning, Estate and Trust Administration, Business Law, Litigation, Employment Law, and Real Estate Law.
