News & Resources

Archives: July 2014

If you have a traditional IRA, you might benefit from converting some or all of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages:…

Would you like to benefit charity while reducing the size of your taxable estate yet maintain an income stream for yourself? Would you also like to divest yourself of highly appreciated assets and diversify your portfolio with minimal tax consequences?…

There is an old expression that says, “If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.” It seems the U.S. Supreme Court applied the “duck test” when on…

Earlier this year, the U.S. Tax Court made a controversial ruling regarding IRA rollovers that contradicted an IRS publication designed to explain the law to taxpayers. In Bobrow v. Commissioner, the court ruled that the one-rollover-per-year rule applies to all…

An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws.…

According to the U.S. Department of Homeland Security, counterfeiting and fraud cost intellectual property owners more than $1.26 billion in financial losses during fiscal 2012. In addition to the negative economic impact, counterfeit and pirated goods pose a serious threat…

With the gift and estate tax exemptions currently at $5.34 million, you might think that estate valuations are less important. But even if you believe that your estate’s value is under the exemption amount, it’s still important to know the…

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