Most retail and many service-based business accept payment via credit card. This practice is becoming even more common as business competition heats up and credit card processing fees become more competitive. Choosing a payment processor is perhaps the most difficult task in any businesses...
Recently, the Treasury issued proposed regulations which, if adopted, would severely limit taxpayers’ ability to receive tax benefits for wealth transfers to family limited partnerships. This post discusses why you should act now if you have a federally taxable estate and are considering wealth transfers....
Shortly after Prince’s death, rumors surfaced that he died without a will. In fact, every now and then we hear of a famous celebrity with a significant estate, who died without a will. So what does that exactly mean for the family of the dearly...
Although not as popular as they once were, family limited partnerships remain an effective tool in reducing federal estate and gift taxes. In the Estate of Natale B. Giustina v. Commissioner, T.C. Memo. 2016-114, assets having a fair market value of $150,680,000 were valued...
