2 min read
The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018,...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
2 min read
Sec. 6166: Estate Tax Relief for Family Businesses
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue to...
2 min read
When Is Tax Due on Series EE Savings Bonds?
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think...
2 min read
The Crummey Trust: Still Relevant After All These Years
Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax...
2 min read
Uncle Sam May Provide Relief from College Costs on Your Tax Return
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was...
2 min read
5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a...
2 min read
When It Comes to Asset Protection, a Hybrid Dapt Offers the Best of Both Worlds
A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved...
2 min read
Getting a Divorce? There Are Tax Issues You Need to Understand
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a...
1 min read
What to Do If Your Business Receives a “No-Match” Letter
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The...
2 min read
Understanding the Contents of a Will
You probably don’t have to be told about the need for a will. But do you know what provisions should be included and what’s best to leave out? The...
2 min read
The Tax Implications of Being a Winner
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of...
2 min read
The IRS Is Targeting Business Transactions in Bitcoin and Other Virtual Currencies
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...