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Establishing a family LLC is not new, but it is gaining speed as high-income earners seek ways to protect their hard-earned assets and develop generational wealth. Baby boomers have the highest household net worth of any US generation before. Defined by the Federal...
Last month, the U.S. Supreme Court unanimously favored the IRS in the court ruling, Polselli v. Internal Revenue Service, permitting the agency to request the financial records of delinquent taxpayers without notification to third-party businesses. Many believe the...
Small business owners have received an unexpected shock this tax season, with many owing more than expected. As the nation emerges from Covid-19, some businesses have experienced higher revenues and, therefore, higher tax liabilities than in the past two years. Tax...