Inheritance Taxes
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
December 4, 2024
Skip to content 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
IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
When it comes to filing your taxes, claiming dependents can significantly reduce your taxable income, often leading to valuable tax credits and deductions. But, determining who qualifies as a dependent
As a business owner, it’s essential to stay updated on all tax benefits available—not just those directly tied to your business, but also those that affect your family and employees.
For many business owners, early retirement can seem like an enticing option or an inevitable necessity. However, stepping away from your business before reaching age 59½ presents its own set
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
As a business owner, managing travel expenses for yourself and your employees can be a tedious task. Fortunately, the IRS offers a streamlined way to handle this through the per
If you’re paying alimony as part of a divorce or separation, it’s important to understand the tax rules that govern these payments, especially after recent changes in tax law. Business
As Donald Trump prepares to return to the White House, his administration’s tax policy direction is a topic of keen interest for business owners. With the Senate under Republican control
As we approach 2024, understanding the gift tax rules is essential for business owners who are planning to make gifts to employees, family members, or even charitable organizations. The IRS
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