Business Tax Benefits
As a business owner, you’ve worked hard to build wealth. But without a plan, high taxes and mismanagement could drain it. A dynasty trust helps secure your legacy for generations
January 17, 2025
Skip to content As a business owner, you’ve worked hard to build wealth. But without a plan, high taxes and mismanagement could drain it. A dynasty trust helps secure your legacy for generations
In the recent Tax Court case Estate of Anne Milner Fields v. Commissioner, a complex estate planning scenario involving a Texas oil heiress has underscored the importance of understanding how
The death of a taxpayer introduces several legal and tax responsibilities that must be addressed promptly. If you are a business owner who has been named a personal representative, executor,
When it comes to estate planning, business owners have unique considerations that go beyond personal assets. With the estate tax exclusion amount set at $13.61 million in 2024, understanding how
When it comes to inheriting an IRA or qualified retirement plan, beneficiaries have several key choices to make. Business owners, who often rely on IRAs as part of their retirement
The IRS has finally issued long-awaited regulations on how required minimum distributions (RMDs) should be calculated for inherited qualified retirement plans and IRAs. These new rules, released in July 2024,
As a business owner, there may come a time when you’re asked to serve as the personal representative (PR) of an estate, either for a loved one, a colleague, or
Tax Planning for Inheritance: Strategies for Texans,Inheritance Taxes
Estate planning is a critical aspect of financial management that often gets overlooked by business owners. While the day-to-day operations of running a business may seem like the most pressing
Owning real estate through an S corporation can offer several tax advantages during your lifetime, but what happens when you pass away? This is a question many business owners might
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