By: Randall A. Denha, J.D., LL.M. Lets first begin by saying that if you gift assets, you “may” have a duty to report those gifts. That said, if you make gifts and fail to report... Read More
By: Randall A. Denha, J.D., LL.M A Beneficiary Intentionally Defective Irrevocable Trust (BIDIT) allows you to enjoy the benefits of a traditional trust without giving up control over your property. BIDITs can hold a variety... Read More
By: Randall A. Denha, J.D., LL.M. Remember “step up in basis” is a rule that can apply to capital gains on inherited assets. But essentially the tax basis of an asset is how we calculate... Read More
By: Jon Dwoskin “Impact Players: How to Take the Lead, Play Bigger, and Multiply Your Impact” by Liz Wiseman explores what differentiates high-impact individuals in the workplace from those who might be just as hardworking... Read More
By: Anthony Paesano, Esq.*** The Corporate Transparency Act (CTA) is here to stay, despite voices to the contrary. As such, both lawyers and accounting practitioners should pay close heed heading into the summer of 2024.... Read More
By: Randall A. Denha, J.D., LL.M. The current exclusion amounts in 2024 are very generous. On January 1, 2024, the amounts that individuals can gift free of federal gift and generation-skipping transfer (GST) tax rose... Read More
By: Jon Dwoskin Embracing the Power of Consistency January 12th marked National Quitters Day, a rather dubious distinction, it’s an opportune moment to reflect on the art of goal setting and the power of consistency.... Read More
By: Randall A. Denha, Esq. The Corporate Transparency Act (CTA) went into effect January 1, 2024. The CTA includes requirements for reporting beneficial ownership information (BOI) for individuals who own 25% or more of a... Read More