I just received an email letting me know that the IRS will no longer accept checks for more than $100 million beginning in 2017. While I doubt this will affect many Americans (the IRS received only 14 checks of this size in 2015), this was just one of the many updates the attorneys at Kinghorn Law receive on a weekly basis.
As members of the American Academy of Estate Planning Attorneys and the National Academy of Elder Law Attorneys, we receive updates every time a law affecting our clients changes. We also subscribe to several other resources so we can stay informed and better serve our clients.
The Benefits of Staying Current
Having ample time to meet with and help our clients is our top priority. Receiving regular updates helps us stay abreast of changes in the law as they occur without taking time away from our clients and adding to the cost of our exceptional service. And how often do changes occur? At least daily something is changing, and sometimes, it seems like the changes occur hourly.
Not all changes impact our clients. Nor do they all require that our clients modify their plans. In fact, most of the time when something changes, our clients’ plans don’t need to be modified because they were written to accommodate the ever-changing laws. Keeping up on new information helps us anticipate changes and react to them when needed.
Now about that $100-million-dollar tax bill… Before you dash off a check to the IRS, give us a call. We might even be able to shave a few dollars off the bill.
Kevin Kinghorn’s practicality, expertise, and experience allow him to help his clients wade through complicated issues to find custom solutions to his clients’ individual circumstances and needs. Even more, Kevin enjoys the friendships and lasting relationships that are created with his clients.
If you would like to make an appointment to find out how we can help protect your legacy, call (520) 529-4000 or visit us online at www.KHarizona.com.
- We Thought You Need to Know: IRS No Longer Accepts Checks over $100 Million - December 28, 2016