Estate tax laws in the United States and its territories are constantly in a state of flux, so it might seem difficult to create an estate plan that avoids or minimizes the amount of taxes to which your estate will be subject. However, keep in mind that the minimum estate value for paying estate taxes
US Tax Law Changes Take Hold in 2016
With tax season now in full swing, businesses of all shapes and sizes are in the process of ensuring their books are in order and consulting their tax accountants and attorneys to be certain their practices and policies are in line with the law. This year, they also have a number of new legal changes
Audit Prevention: Preparing Your Business Taxes as Effectively as Possible
Tax season is officially here, and individuals ranging from small business owners to top executives at the largest corporations are thinking about business taxes. It might not be the time of the year you mark on your calendar with a big smiley face—but it’s important nonetheless.
How you are feeling about upcoming tax deadlines may
E-Commerce: Know the Legal Way to Sell Products Online
With so much busin
ess either originating online or migrating there from brick-and-mortar establishments, the possibility of conducting transactions via the Internet is opening up a whole new world for entrepreneurs and business owners on a global scale.
Whether you’re selling products or services, having the ability to sell your goods online makes it possible
What are Constructive Dividends?
No one wants to pay more taxes, including corporations.
When a corporation turns a profit, portions will often be distributed to shareholders in amounts based on the total number of shares each individual holds—in addition to reinvesting some of the funds in the business itself. These distributions are called dividends (this classification applies to any
Managing a Business Tax Audit from the BIR
There are few words that strike fear in the minds of U.S. Virgin Islands business owners more than these two: “tax audit.”
Thus, it’s a priority for most entrepreneurs and business owners to avoid, at all costs, an audit from the U.S. Virgin Islands Bureau of Internal Revenue. Although the odds of being audited
Legal Steps to Leaving Your Business in a Will
When you own a business, you may become be so consumed with running it from day to day that you don’t really think much about what will happen to it after you are gone. While preparing for one’s own passing is often unpleasant to consider, particularly if you have reason to expect to live for
Dealing with Digital Assets Upon Death
As more aspects of people’s lives move online, managing numerous digital accounts becomes a complex process, and one that presents numerous challenges. These issues are not limited to just the account holders themselves. In fact, the real test may come after people pass away and their families are left to make sense of their digital
Importance of Sound Estate Planning
Like the old saying goes, there are only two certainties in life—death and taxes. Through effective estate planning, you can prepare for the future and address these two very important issues, as difficult as they may be and as little as you’d like to think about them on a daily basis.
Addressing Key End-of-Year Tax Planning Issues
Although you don’t need to officially file your taxes until April 15, 2015, there are numerous steps individuals and businesses should take before the end of the calendar year 2014 to help reduce the amount of taxes owed to the IRS next spring.
Unfortunately, gridlock in the U.S. Congress did not make it easy to