When entertaining clients or traveling on business, you may be eligible for Federal income tax deductions on a portion of your expenses that are not reimbursed by an employer.
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Funding Buy-Sell Agreements with Life Insurance
Unfortunately, you can never know what tomorrow will bring. If you are currently operating without a buy-sell agreement in place, consider putting this at the top of your priority list.
Wealth Transfer Taxes Hit Small Firms
Since the future operations and/or growth of a family-owned business could be severely affected by its estate tax obligations, it is important to set up and implement an estate plan before it’s too late.
Taking Advantage of Advertising and Marketing Deductions
Businesses are permitted to deduct a wide range of expenses, but many small business owners may be unaware of the full range of the deductions they are entitled to claim.
Estate Planning Challenges Facing S Corporations
Estate planning for S corporation shareholders is essential because the improper transfer of shares could potentially terminate the corporation’s S status.
How to Divide an Inheritance Equally
Nothing ignites family arguments like inheritance. If you plan to leave money to more than a few beneficiaries, for the sake of peace and your own emotional legacy, know how to divide the proceeds fairly.
Save Those Tax Records
How long should you hang on to all those income statements, receipts, and canceled checks? You know you need to keep some or maybe all of those papers—but, which ones and for how long?
Disability and the American Business
Today’s business owner faces a myriad of potential crises. Business owners know that potential crises and unforeseen events may disable their companies and, as a result, the families involved. In this respect, a qualified income replacement plan can be a valuable addition to any business’s benefit package.
Community Property and Life Insurance
Anyone familiar with estate planning can attest to the confusion that community property rules often cause married couples. For those married individuals either living in, or considering moving to, one of the community property jurisdictions, the issue strikes a little closer to home.
Free Information and Help from the IRS
You have the right to information and assistance in complying with the U.S. tax laws. In addition to the basic instructions provided with tax forms, the Internal Revenue Service (IRS) makes a great deal of other information available.