2 min read
Raising financially responsible kids
L&H CPAs: Jan 16, 2020 1:28:57 AM
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
3 min read
Is silence golden - The good and the bad of keeping your trust a secret
L&H CPAs: Jan 16, 2020 12:54:37 AM
3 min read
Decisions, decisions - Personal circumstances figure into when to begin taking Social Security
L&H CPAs: Jan 16, 2020 12:22:42 AM
1 min read
Estate Planning Red Flag - You're splitting gifts with your spouse
L&H CPAs: Jan 16, 2020 12:01:06 AM
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,...
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...