Failure to protect the assets that you worked your fingers out to gather might be lost easily in bankruptcy, lawsuit or to creditors. This makes it essential to keep all laws in mind...
Posted by Rosovich & Associates, Inc. on 09/26/2021
How are trusts taxed?What do you do when you want to set up funds for your children, grandchildren, or even yourself for a medical emergency, but you don't know how to go about...
Posted by Dennis Jao on 07/16/2021
Many pet owners consider their domesticated part as part of the family.Uncle Sam, however, disagrees with this claim, which explains why you cannot claim your beloved cat, dog, hamster...
Posted by KLSM CPA Firm PLLC on 06/24/2021
Taxes on trust funds can create big problems for small businesses. When an employer withholds part of an employee's salary to pay income tax, health insurance, and social security,...
Posted by Taxes Made EZ Inc on 05/19/2021
The importance of wealth preservation strategies increases with the increasing number of inventory and possession cases. Unfortunately, most people don't realize that their home...
Posted by The TaxAdvocate Group, LLC on 05/18/2021
Many people feel they do not need trust. They believe since they do not have a large estate, they do not need any elaborate planning. They believe it's expensive and complicated....
Posted by Income Taxes and Bookkeeping LLC on 04/30/2021
The grantor, which can also be called the creator, settlor, trust maker, or trustor, is the party who forms the trust. For married couples, if the trust was established jointly, they...
Posted by CORE PERFORMANCE on 04/06/2021
Ideally, trust beneficiaries need to pay taxes on the distributions they get from the income from a trust and not the tax coming from the trust. Although, the beneficiary need not...
Posted by Tiffany Gaskin on 02/05/2021
Everyone with estate or trust will have an income, which will reflect on Form 1041 - United States Income Tax Return for Estates and Trusts. Beneficiaries of trust and estate that...
Posted by The TaxAdvocate Group, LLC on 01/07/2021
