Posted on November 3, 2024

As of Jan. 1 this year and extending until Jan. 1 next year, a yearlong requirement will be imposed on many small businesses. The owners of these small businesses must file a beneficial ownership information report with FinCEN, including personal identifiable information as the owners of said businesses. Companies that form during this time period… read more

Posted on November 2, 2024

Let’s start with the basics: What is capital gains tax? It is a type of tax on profits earned from the sale of assets like stock or real estate. When these are sold for more than they cost to purchase, the IRS taxes the gain. In real estate, capital gains are calculated by taking the… read more

Posted on November 1, 2024

Planning a trip is always important, especially for senior travelers with accessibility concerns while traveling. Call your airline carrier’s customer service line to discuss what forms of assistance or accommodations are available to you. If you need to be boarded early, please let the agent at the gate know. Gather all the important documents you… read more

Posted on October 25, 2024

Understanding how the Corporate Transparency Act (CTA) applies to your business and what you must do to comply can introduce new burdens that you may have scarce resources to address. Terms like “beneficial owner” and “substantial control” may seem vague and confusing, further complicating compliance efforts. But compliance is critical for business owners who want… read more

Posted on October 2, 2024

Taxpayers in areas affected by Hurricane Helene now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments. Among other things, this includes 2024 individual and business returns normally due during March and April 2025, 2023 individual and corporate returns with valid extensions and quarterly estimated tax… read more

Posted on October 2, 2024

A blended family often brings joy — there are more people to love and be loved by. As your family expands, you will want to provide for each child, whether from the previous or current marriage, and create safeguards to avoid future disagreements and potential unfair treatment. You can create an estate plan that accounts… read more

Posted on October 2, 2024

It’s hard to imagine one’s own death, which is why many people never write a will at all. But if you get past that hurdle, it’s important to be sure that your will is valid. Here is a list of essential steps: Execute your will properly. In many states, a typed will must be signed… read more

Posted on October 1, 2024

We are so proud of Lisa Reger, who is the sister of our Chief Liaison Officer Reggie Garcia. Lisa is running for the Clark County Circuit Court no 4 seat.  She is currently a magistrate with nearly 30 years of experience, handling much of the Clark Circuit 4 docket already. She is the only candidate… read more

Posted on September 1, 2024

The executors are settling an estate — but the decedent owes money. What can the creditors take and what is reserved for the inheritors? There is no easy answer, and a variety of federal and state laws apply. To start with, retirement accounts that qualify under the Employee Retirement Income Security Act are generally protected from creditors,… read more

Posted on September 1, 2024

The final regulations for IRAs — the Secure Act 2.0 — have been issued by the Internal Revenue Service. This new law affects how IRAs are distributed to beneficiaries after the death of the owner. If you have a living trust and an IRA that names the trust as a beneficiary, you may need to… read more