Tony Curatola, PhD
Joseph F. Ford Professor of Accounting & Tax, Drexel UniversityTony Curatola’s area of research interest is the taxation of retirement, individual & small business taxation, and employee benefits. He is the Joseph F. Ford Professor at Drexel University and has authored over 230 articles in his field and has completed sponsored research for several organizations. His findings have appeared in media such as Forbes, The Washington Post, Wall Street Journal, and The New York Times. He is the editor of the tax column for Strategic Finance and the past editor of the Journal of Legal Tax Research. Dr. Curatola holds a variety of leadership positions and currently serves as chair emeritus of the IMA Research Foundation committee. Tony earned his BS and MBA (finance) from Drexel University, MA from the Wharton School of the University of Pennsylvania, and Ph.D. from Texas A&M University.
Dr. Curatola Area of Expertise: Federal and State Income Tax Policy Employee Benefits Retirement Income Taxation.
Recorded-webinar by: Tony Curatola, PhD
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Navigating Estate Planning: A Comprehensive Guide to Estate, Gift, and Generation-Skipping Transfer Taxes
Estate Taxes are one of the taxes covered by the IRS’s unified transfer tax system. These are designed to collect taxes from transferring property at death. On the other hand, a gift tax is a federal tax paid by an individual who transfers something of value to another individual without receiving something of similar value in return.
The IRS also announced the annual inflation adjustment for the federal gift, estate, and generation-skipping transfer (GST) tax exemption, which increases the amount sheltered from taxes from $11,700,000 for 2021 to $12,060,000 as of January 1, 2022.
Under current rules, few taxpayers are subject to estate and gift taxes given the doubling of the Unified Tax Credit (UTC) by the Tax Cuts and Jobs Act of 2017. But the UTC is due to return to the pre-2017 figures adjusted for inflation in 2026. In addition, there is sentiment by the president and Congress to reduce the UTC even further. Hence, tax planning before 2026 may be something to consider at this time.
This Tax webinar highlights the federal tax issues associated with Estate, Gift, and Generation-Skipping Transfer Taxes.
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Taxation Issues-Gambling, Gifts & Presents
Every year, about 40% of American adults visit at least one of the casinos that are located in Las Vegas, Nevada, in Atlantic City, New Jersey, or in one of the dozens of places in between, not to mention on the web. A lucky few takes home a lot of money.
Gambling winnings are fully taxable, and the Internal Revenue Service (IRS) has ways of ensuring that it gets its share. Under current rules, gambling not only includes casino winnings, horse racing, and lotteries but also fantasy sports and online betting. Depending on whether the individual is a casual or professional gambler, the reporting requirements differ.
This webinar on Taxes highlights the tax reporting issues associated with gambling income, gifts received and given, and awards received. It will also discuss the reporting of gifts by an individual or by a couple and when a gift is excluded from federal taxation.
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