This post was originally published on this siteIf you’re like most people, it’s not that you don’t appreciate the value of life insurance. In fact, many people believe they need more coverage. You probably wouldn’t mind owning additional life...
This post was originally published on this siteCryptocurrency is treated as property for federal income tax purposes, and general tax principles related to property transactions apply to transactions using cryptocurrency. Thus, the sale or other exchange of...
This post was originally published on this siteWhen I was first employed as an accountant by my current law firm, it felt like I was living the dream. The thought of working on a hybrid schedule, three days in the office and two days at home, gave me a sense of...
This post was originally published on this siteThe average inheritance for American households is $46,200, according to the Federal Reserve.1 This number is as high as it is because of the large inheritances passed down by wealthy families to their heirs.So, what...
This post was originally published on this siteSo you are thinking about making a series of gifts protected from gift tax by the annual exclusion, or a large gift sheltered from gift tax by the applicable exclusion amount, but have concerns about losing access to the...
This post was originally published on this siteA grantor retained annuity trust (GRAT) is an irrevocable trust into which you make a one-time transfer of property, and from which you receive a fixed amount annually for a specified number of years (the annuity period)....
