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Blogs: LLC and Business Formation
Family LLC vs Family Limited Partnership: Which Is Right for You?
For years promoters have touted the use of Family Limited Partnerships (FLP) as a tool for owning and protecting assets and providing a mechanism for passing them on to the next generation.
Charitable Remainder Trusts
A charitable remainder trust (CRT) could address many of your personal financial goals while providing the ability for you to make a significant gift to the qualified organizations of your choice. CRTs are planning tools that allow you to take contr...
A Shark ate my Tax Return. Really.
If you're filing taxes late, here's one excuse you can try: A shark ate it!
An LLC’s Tax Basis: Everything You Need to Know
An LLC’s tax basis is a key factor in determining the tax implications of various transactions, including distributions, sales, and property contributions.
Dealing with medical expenses
Escalating medical costs leave even insured families left to cover increasing out-of-pocket costs. While there are a number of strategies for small businesses and self-employed individuals to deduct the cost of health insurance coverage, the tax cod...
A Guide to Reducing & Avoiding Tax Penalties
Did you know there are more than 140 civil penalties in the IRS? Many of these are designed to be stiff deterrents to prevent certain acts or omissions.
IRS warns of Tax Preparer Fraud
Heading into tax season, the Internal Revenue Service has published a warning regarding tax preparer fraud. The Service cautions taxpayers to be wary of claims by preparers that offer larger refunds than other preparers, and reminds that tax evasion...
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