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
FBAR Traps for the Unwary
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
Scammers Fake Social Security Email
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
States Doing Their Best to Extend Their Tax Reach
In prior blogs, we have shared that states like to audit and tax businesses that are outside of their borders rather than in-state businesses. In-state business owners complain when a state increases … [Read more...] about States Doing Their Best to Extend Their Tax Reach
IRS Clarifies Rules for POAs Submitted by LLCs & Partnerships
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
How to Get Someone Else to Pay Off Your Student Loan
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
