Protecting your kids, no matter what : Standby Guardianship
For families living or working across borders, a medical emergency, sudden accidents, or adverse immigration actions aren’t just disruptive - it could leave their children in legal limbo. Standby guardianship can be an effective tool to protect minor children against chaos.
7th-Inning Tax Stretch: Entertainment Expenses That Make the Cut
Tax reform from 2017 has added strict limitations on the tax deductibility of entertainment expenses. With the summer approaching fast, let’s review the rules of deductible entertainment expenses to ensure your business client outings get a clean hit with the IRS.
New year, new tax, new form – Tax on “Covered Gifts and Bequests” and Form 708 U.S. Return of Gifts or Bequests from Covered Expatriates (form not yet released)
17 years ago, Congress enacted a new federal tax on gifts and bequests received by a U.S. person from those who relinquished the U.S. citizenship or residency. On January 14, 2025, the IRS published the final regulations. The IRS is yet to release the new Form 708 U.S. Return of Gifts or Bequests from Covered Expatriates.
California Wildfires: Understanding Your IRS Tax Relief Options
The Internal Revenue Service announced on January 10, 2025 tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025. This blog navigates the IRS tax relief items and provides related notes.
Inherited IRA Strategies for 2025 and Beyond
The RMD rules have significantly changed due to the passage of the SECURE Acts enacted in 2019 and 2022. Several provisions of SECURE 2.0 have become effective in 2025. If you have IRAs requiring RMDs, it is crucial to understand the changes and review your tax strategies and estate planning.
IRS to-do’s when marital status changed
Did you change your marital status recently? Here are a few thing the IRS recommends you do.
Is Your Small Business Ready for the New Crypto Reporting Rules?
The new accounting standards are out for the U.S. financial reporting of crypto assets for entities. Are you ready? This blog article takes a quick look at what is ahead of those with crypto holdings in the entity asset components.
New Year, New Estate Plan: A Fresh Start for Your Legacy
The Year of the Snake encourages shedding the past and embracing transformation. This article explores the importance of starting, reviewing and updating your estate plan to ensure your wishes are fulfilled and your loved ones are protected.
Tax Home: A Cornerstone of Global Tax Compliance
A tax home is critical in determining your tax obligations and implications. This blog article discusses the basic concepts and practical tips for global taxpayers in understanding a tax home.
Family Business Structures for Asset Protection
It’s important to choose the right business structure for a family business.