IRS Tax Planning Ideas, Tips & News

Our May 3, 2016 post discussed the importance of keeping business transactions separate from personal transactions so the corporate veil is not pierced. When we speak of the corporate veil, it not … [Read more...] about ALTER EGO IS HOW IRS PIERCES CORPORATE VEIL

To protect your hard-earned assets, every business owner should operate in the form of a limited liability legal entity. We often hear business owners say that they don’t need a limited liability … [Read more...] about HOW TO LOSE YOUR LIMITED LIABILITY PROTECTION

If you used a tax professional to prepare your personal income tax return, you were undoubtedly asked the question if you own any foreign accounts or have control over any such accounts. This is a … [Read more...] about FBAR Traps for the Unwary

The subject line says “Get Protected,” and the email talks about new features from the Social Security Administration (SSA) that can help taxpayers monitor their credit reports, and know about … [Read more...] about Scammers Fake Social Security Email

If you own a partnership or a limited liability company (LLC), you should consider if you need to amend your operating agreement. IRS Chief Counsel has added to the discussion as to who can sign … [Read more...] about IRS Clarifies Rules for POAs Submitted by LLCs & Partnerships

The Atlantic.com reported that traditional company perks are changing. While companies have traditionally focused on health care and 401(k) retirement benefits to attract talent, they find themselves … [Read more...] about How to Get Someone Else to Pay Off Your Student Loan