Feeling Charitable? Be Sure You Can Substantiate Your Gifts As the end of the year approaches, many people give more thought to supporting their favorite charities. If you’re charitably inclined
Don’t Let Beneficiary Designations Thwart Your Estate Plan For many individuals, certain assets bypass their wills or trusts and are transferred directly to loved ones through beneficiary designations. These nonprobate
The Tax Traps of Personally Guaranteeing a Loan to Your Corporation If you’re considering guaranteeing, or are asked to ensure, a loan to your closely held corporation, it’s important to
An ILIT Can Protect Life Insurance Proceeds From Estate Tax Life insurance is often a cornerstone of estate planning, providing liquidity to cover estate taxes, debts or other obligations. However,
Understanding The Most Common IRS Notices For many taxpayers, receiving a letter from the IRS can feel intimidating. The envelope arrives with the IRS seal, and immediately, worry sets in: Did
Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a
