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Is There a Right Way to Handle an IRS Notice?

The short answer is YES! Though many tax practitioners have different approaches when dealing with the IRS, one thing they probably agree on is that not properly handling an IRS…

Common Pitfalls to Avoid with Estate Planning

Proper estate planning can provide a person and their family with peace of mind and security, albeit it can be overwhelming due to the many decisions involved and…

The ABCs of Buying and Selling a Business

Buying and selling a business can be a stressful undertaking to manage without the help of an experienced professional. There are many details to consider and the attorneys…

Looking to Start a Not-For-Profit Organization and obtain Tax-Exempt Status? (Here is What you Need to Know)

We frequently receive inquiries and questions from individuals and organizations about steps involved to form a not-for-profit organization (an “NPO”) and obtain tax-exempt status. Both undertakings can be…

Estate Planning 101: What is the Difference Between a Will and a Trust?

There are different approaches to estate planning (i.e., will-based planning versus trust-based planning) that may seem overwhelming to understand key distinctions and nuances involved. A frequently asked question in estate…

Estate Planning 101: 5 Popular Trusts and What You Should Know About Them

Trusts provide many estate planning benefits ranging from avoiding probate proceedings to managing and controlling spending and investments to protect beneficiaries from poor judgment and waste. There are different types…

Proposed Changes to the Estate Tax Exemption

What is the Estate Tax? The estate tax is a tax on the transfer of property after a person’s death. Generally, it is determined by applying the estate…

Key Differences Between an LLC and a Corporation

When starting a business, it is important to consider the pros and cons of each entity type to determine which one is best suited to accomplish your goals…

Estate Planning 101 Charitable Trusts – A Great Estate Planning Tool!

A charitable trust is an irrevocable trust that allows a grantor to accomplish their philanthropic objectives while providing benefits to both charitable organizations and non-charitable organization beneficiaries. There…

Tax Controversy 101 – Tax Liens and Levies

When a taxpayer has an outstanding tax debt, the Internal Revenue Service (“IRS” or the “Service”) uses methods to compel a taxpayer to pay the outstanding tax debt…