By: Jim Duggan, JD, MBA So, you (or your clients) are concerned about potential liabilities and the threat of losing the nest egg you have worked so h...
Asset Protection For Life
I’ve always been a big believer in the concept that life is very simple if you allow it to be. I think the same holds true with Asset Protection. So...
Taming the Planning B.E.A.S.T
As entrepreneurs maintain a primary focus on running a successful business, proactive planning understandably gives way to the demands of the day. Unf...
ALERT… Medium Income Families Still Need To Pay More Taxes In 2017!
INTRODUCTION: For my clients residing in States with high State Income Taxes and/or high personal residential property taxes, the valued and yearly de...
More End Of The Year 2018 Tax Planning
More End Of The Year 2018 Tax Planning: The IRS announced today that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric...
IRS Examination Coverage
The Internal Revenue Service has listed the percentage of tax returns filed and examined by the amount of Adjusted Gross Income, see below. The return...
Foreign Bank Account Report due June 30, 2016
This alert serves as a reminder that you may need to file a Report of Foreign Bank and Financial Accounts with respect to your foreign assets. For cal...
Mandatory Filing for U.S. Persons with Interests in Foreign Business Enterprises
A new change in reporting requirements imposes a non-tax filing obligation on “U.S. Reporters” with interests outside the U.S. The BE-10 report ...
Unextendable deadline of June 30, 2015 FBAR
Deadline Notice: The Foreign Account Tax Compliance Act (FATCA) filing deadline for the Report of Foreign Bank and Financial Accounts, known as the (F...
Is there a DING knocking at your client’s door?
In 2013 the Internal Revenue Service (“Service”) issued several private letter rulings (“PLRs”) sanctioning the use of a state income t...