Arizona’s Legislature has once again approved a tax amnesty program – if you owe taxes to the state of Arizona for just about any reason, you may be able to cut a deal and […]
From the nielsen law group Tag
One of the fundamental concepts of a trust is control; control over how the trust assets are used and for what purpose. But no control can be exercised unless assets are transferred to the […]
The Hobby Loss Rule is a presumption long relied on by the IRS to disallow expenses claimed by taxpayers who show losses on their Schedule C. A recent report from the Treasury Department’s Inspector […]
Life insurance is a wonderful tool to provide income security for the insured’s dependents and to provide liquidity essential for payment of estate taxes or equalization of distributions to heirs of the estate. But […]
A postnuptial agreement is a contract between spouses that sets out how assets or liabilities will be allocated between them during a marriage and at death or divorce. This agreement offers spouses the opportunity […]
The perception that the IRS is a very powerful organization is widespread. Special privileges for collection, a preference for intimidation, and the disregard for equity that’s splashed the IRS news for the past decade […]
You’ll love this (or feel even less digitally secure with your tax info). Last year the IRS announced that it had been hacked and hundreds of thousands of taxpayer records had been compromised. Many […]
There has long been talk among state and local taxing authorities regarding the lost revenues occurring from the sale of goods over the internet. Several states, and some local governments have attempted to impose […]
Changing your line of business does not necessarily call for a change in your entity. This report will cover some aspects of a business that might require you to revise and/or restructure your entity. […]
In prior posts we covered some of the differences between trusts and wills and why trusts are generally preferred. One important reason that deserves special attention is owning property in multiple states. You now […]