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At the end of March, President Biden released his FY2023 budget, and it again proposes a $500,000 cap on deferred gain from like-kind exchanges. The following information about like-kind exchanges is in the "General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals." It is the same information included in last year's budget and the full details can be accessed here (General-Explanations-FY2023.pdf): REPEAL DEFERRAL OF GAIN FROM LIKE-KIND EXCHANGES Curren

Overview Most of you know that my team has written frequently on the subject on Private Placement Life Insurance (“PPLI”) but unlike other others, my articles usually discuss tax planning using PPLI. Yes, it is nice to know that PPLI is a no-load institutionally priced variable life insurance product, but that knowledge and a dime may only get you a cup of coffee but not a client. I have also provided my own state of the union regarding the PPLI industry which may be describe