A “will” is generally defined as an instrument by which a person makes a disposition of his/her property, to take effect after his or her death, and which by its own nature is ambulatory and revocable during his or her lifetime as defined in “Black’s Law Dictionary...
Even after the highly-publicized fall of Bernard L Madoff and the largest Ponzi scheme in US History, the schemes continue to proliferate. Today we see more Oil and Gas Ponzi schemes because of low interest rates and low returns on investments. People looking for safe...
In many marital situations, the closely-held business or professional practice is the most valuable asset of the marital estate. Often times the party without knowledge of the closely-held business or professional practice will have a belief the value is either lower...
For 30 years the IRS has not mounted any offensive against business, such as LLC, LLPs and PLLCs that report earnings on a Form K-1. In a recent article published in the Journal of Accountancy, [1] it appears that there is a change coming. As a Special Agent with IRS...
As of December 2015, the Fixing America’s Surface Transportation Act (FAST Act) (Pub. L. No. 114-94) was signed into law. According to the IRS.gov website and the Bloomberg BNA Tax Management Memorandum, 58 TM Memorandum 383, 9/18/17 (Copyright 2017), the law...
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