The federal estate tax, in 2020, is set to tax the transfer of estates valued over $11.58 million, or $23.16 million for a married couple. Although most families do not need to take steps to help preserve this level of wealth, there is still the possibility of a state...
How long does the IRS have to collect taxes?
The Internal Revenue Service (IRS) must follow guidelines when it comes to the collection of taxes. What does this mean? A general rule of thumb: the IRS 10 years to collect taxes. Of course, this general rule does not always apply. There are exceptions and other...
What happens in Vegas, doesn’t always stay in Vegas
An evening at the casino is an entertaining way to spend time. In some cases, those who stop in may leave with big winnings. Those who win at the casino may wonder if they can simply walk away with a little extra money lining their pockets, or if they need to report...
What should I know before I finalize an M&A deal?
Merger and acquisition deals (M&A) can help entrepreneurs set their businesses up for growth. These deals can allow for expansion into a new marketplace in a number of ways. Two key examples include: Physical. An M&A transaction can allow a business to expand...