If the total estate, including assets held personally or in trust which exceed the exemption, then the estate will be subject to estate taxes of approximately 40% of all assets that exceed the exemption.
For most small businesses, having a website is a necessity. But what's the proper tax treatment of the costs to develop […]
Taxes are a major consideration in mergers and acquisitions (M&As). The parties generally can structure a business purchase as either: 1. An […]
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and […]
Over the years, real estate has proven to be a lucrative investment for many households. And, in some parts of the […]
Taking steps to defer your individual federal income tax bill is often a good idea. If you expect to be in the same tax bracket in future years, lowering this year's taxable income will postpone your tax bill and give you extra cash to work with until the bill comes due. If your tax rates turn out to be lower in future years, deferring taxable income into those future years will cause the deferred amounts to be taxed at lower rates.
Unfortunately, the Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum Tax (AMT). But there's a silver lining: The […]
What are the advantages of a Deferred Sales Trust (DST)? The Deferred Sales Trust, or DST, provides a unique exit […]
What are the Differences Between a Deferred Sales Trust (DST) and a Charitable Remainder Trust (CRT)?
There are perfectly legal ways to defer capital gains tax and reduce your overall tax burden. Those of you who […]
As 2017 winds down, it's time to consider making some moves to lower your federal income tax bill and position yourself […]