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GENERAL TIPS
FAMILY OFFICES & HIGH NET WORTH FAMILIES TIPS
In February 2016 the FASB issued Accounting Standards Update (ASU) No. 2016-02, replacing longstanding guidance on lease accounting. The requirements…
The election cycle is in full swing now that both the Republican and Democratic Conventions have ended and the parties…
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The coronavirus (COVID-19) outbreak is causing havoc in the global markets and the U.S. economy. In today’s uncertain marketplace, it’s…
If you expect to be in a relatively high tax bracket during your retirement years, you should consider pumping as…
If you own one or more traditional IRAs, you will probably take some withdrawals sooner or later. These withdrawals are…
Corporate financial statements should not necessarily be taken at face value. While the financial statements of public companies must be…
A charitable remainder trust (CRT) is an irrevocable trust set up to benefit a charitable organization. The trust’s term is…
People create trusts for various reasons. Two significant reasons are to: Avoid probate; or Pay less in federal and/or state…
If you own assets that have appreciated significantly over the years, you may be able to profit more by giving…
Many rental real estate owners incur tax losses, often due to depreciation write-offs. However, your ability to actually deduct those…
The 3.8% Medicare tax on net investment income took effect a few years ago. It only affects higher-income individuals, but…
Successful estate planning generally involves passing on your assets to your heirs at a low tax cost. To help achieve…