People who are worried about the 10 year rule, requiring beneficiaries of inherited IRAs to withdraw the entire balance within 10 years, can double that time with a CRT beneficiary in front of inheritors.  What if you really have a big IRA and the 10 year rule just isn’t enough of a stretch to help [...]

As weather interrupts some parts of the country and business owners have to scramble and fill in the gaps of employees, supplies, deliveries and the like, it’s easy for them to worry about taxes later, after all, there’s “plenty of time.” That often comes back to bite them though, sometimes hard. If they run their [...]

We talk a lot about people not doing tax planning and not spending more time creating the tax outcomes they want. We urge people to understand that it’s within their own control and that tax outcomes can be legally and ethically manipulated.  We go on and on about the benefits.  BUT…we understand why it’s so [...]

A recent headline in Tax Analysts reads: “Reasonable IRS Appraisal Triggers Conservation Easement Settlement.” The article describes a long battle involving what the IRS calls “syndicated” conservation easement transactions. Hale E. Sheppard Esq. an Atlanta Georgia based Attorney stated in review of the ruling: “after the IRS was unable to win the case on technical issues [...]

There are many ways a tax return can be done that are all OK with the IRS, but only one of those ways nets the largest refund!  People need to understand this across America, and we talk about tax planning constantly.  We blog, tweet, post, email and on and on, yet we as an industry [...]

Tax filing season is looming again, with the IRS saying they will begin accepting returns between January 24th and 30th. However, it is possible that the IRS will delay the start of tax season a week or so beyond that, and returns containing Earned Income Tax (EITC) or Child Tax (CTC) credits may have refunds [...]

The IRS as Santa Claus?  A gift under the tree that every business owner should want to open!  Often the IRS makes new tax rules in reaction to a natural disaster, such as extending the filing deadline for Kentuckians after devastating tornadoes struck. Other rules are put in place to deal with changing financial dynamics, [...]

Many people have the intention of doing a better job of “tax planning” in order to start having more favorable outcomes, but busy lives and life interruptions can leave them little time.  If this is you, you’re not alone.  Time flies even in normal times, but with the current stressful environment, everyone is scrambling even [...]