Twenty-five years ago, the IRS e-file system became operational nationwide. For the most part, it's been a secure system that protects taxpayers' information, but there have certainly been some bungles -- the latest being the subject of a lawsuit recently filed...
Month: August 2015
Disputes continue over estate of Robin Williams
Most people think of an estate plan as just a way to specify end-of-life wishes and divvy up personal possessions among heirs. These are both important functions, but a well-written estate plan does more than that. Notably, it can reduce the chances that family and...
NHL team in business deduction battle with the IRS
One tax issue that can be a big one for businesses are deductions. There are a wide range of different deductions that tax law allows businesses to claim. Deduction matters can have a big impact on what a business' overall tax liability is. The rules on business...
Why a charitable remainder trust is a win-win for all involved parties
From raising money to help feed hungry children to funding cancer research, many Americans have a certain cause in which they believe and want to support both during their life and after they pass. For these individuals, a charitable remainder trust provides important...
A basic understanding of business expense deductions: Part II
In our last post, we began a discussion about business expense deductions. If you're a small business owner, you may have struggled with this issue in the past (or are struggling with it right now). Perhaps the most confusing deductions are those involving expenses...
A basic understanding of business expense deductions: Part I
If you own a business or are trying to start one, you have probably realized the legal regulations that business owners must abide by are often complex and confusing. Tax compliance alone is complicated enough to make you rethink your decision to be an entrepreneur.We...
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Even a fortune can disappear without sound estate planning
Some figures baffle.Like the speed of light. Like the age and size of the universe. And like estimates pegging the personal fortunes of America's richest families.Consider this imagery relevant to the storied Vanderbilt family for a moment: a pile of money equaling...
Broad, measured thinking out of the box promotes sound estate planning
"You own this." Those words might sound frightening to a would-be California estate planner, but they are actually meant to promote a feeling of empowerment rather than intimidation. It is no secret that legions of...
Remarrying couples unquestionably need to focus on estate planning
Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new realities.Don't be one of them. Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new...
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