What is a Charitable Remainder Trust?
A charitable remainder trust (“CRT”) is a tax-exempt irrevocable trust that generates potential income to the donor, or other...
Keeping the Tax Grinch Away from Your Holiday Bonus
If you are lucky enough to receive an end of year, holiday bonus you may want to consider your options and potential tax consequences of...
Inflation Adjustments for Tax Year 2020
The IRS has recently published the tax inflation adjustments for tax year 2020. The newly adjusted rates effect everyone’s tax liability...
When Will I get my Tax Refund?
With holiday season in full swing, many people have racked up the holiday expenses, whether it be from buying gifts for friends and loved...
Save Your Receipts; Your Office Holiday Party Expenses May Be Tax Deductible
With office holiday parties beginning soon, business owners should be happy to know that the TCJA still allows holiday parties to be used...
Do I Have To Serve As the Registered Agent of My Company?
Regardless of the state that a company is filed in, the state is going to require someone to serve as the registered agent for the...
Are There Differences Between A Health Savings Account and Flexible Spending Account?
It’s no secret that healthcare costs seemingly rise year after year. As a result, some taxpayers will consider alternative means to pay...
Decanting: It Isn’t Just For Wine, It Can Also Be Used For Your Trust
Calm down wine-o’s, this blog isn’t about you. Over the last decade, numerous states have passed statutes that allow trust decanting....
Properly Dissolving Your Company With the Secretary of State
Perhaps your company isn’t doing so well or you would like to transfer the assets of one company to another. Whatever the reason for...
An Update on Cryptocurrency and the IRS
Readers of this blog may remember a post from about two months ago titled “Cryptocurrency and the IRS” (https://www.taxplanning.com/singl...
