Doing your taxes goes hand in hand with planning for your future financially. This Part 3 of the Guide to Tax Professionals explains what a Certified Financial Planner (CFP) is and CFPs’ role in tax planning.
Read MoreRoughly 85 years ago the Supreme Court of the United States issued its landmark opinion,[1] which introduced the concept that income recognition can result when taxpayers realize relief from liabilities.
Read MoreNowadays, arbitration clauses are standard in nearly all types of agreements ranging from attorney-client retainer agreements to licensing and partnership agreements. These clauses allow parties to an agreement to settle their disputes outside of a courtroom while obtaining legally enforceable decisions at the same time (usually).
Read MoreFor many Americans the purchase of real estate is the largest single investment they will ever make. This investment is not only calculable by real dollars and cents, but in very real emotional and physical attachment.
Read MoreTaxpayers frequently seek out accountants to do their taxes over other tax preparers, often without knowing quite why. This Part 2 of the Guide to Tax Professionals explains what a CPA is and why having a CPA do taxes can be beneficial.
Read MoreThere are numerous instances where one may need to share confidential information as part of your business dealings. But before you jump to sharing your “secret sauce” or the parts of your "golden goose", consider whether a non-disclosure agreement (a.k.a. NDA or confidentiality agreement) makes sense.
Read MoreFor some, alleged tax fraud or evasion is the least of their worries, despite the respective maximum sentences of three and five years. Title 26, which includes the Internal Revenue Code, provides the elements necessary to establish such violations.
Read MoreWhether from television, movies, or personal experience, we’re all familiar with a police officer’s recitation of a person’s rights when that person is taken into police custody –
Read MoreBack in March the Department of Justice (“DoJ”) issued a “dear colleague letter” to state and local courts concerning the use of fees and fines as assessed on poor defendants (you can read the full text of the letter here).
Read MoreThe world of taxes in the United States is full of dizzying options. Who can taxpayers trust with their money? Who should they pick for various different tax needs?
Read MoreWe often hear stories about when the integrity of lawyers and judges (who are also usually lawyers) has been severely compromised. It is no wonder that lawyers, and legal professionals generally, suffer from a terrible public perception.
Read MoreBusinesses operating in the cannabis industry face risks – just like any other business. Though some of those risks are unique to the industry, they are real, and they must be managed. Marijuana businesses are sprouting in record number as states like Colorado legalize private growing, distribution, and sale.
Read MoreWhen the Panamanian Law Firm Mossack Fonseca was hacked and the multitude of confidential and incriminating documents was released to the International Consortium of Investigative Journalists (ICIJ), there was unanimous concurrence that this would result in a slew of criminal investigations by the United States and other countries into offshore tax evasion.
Read MoreOn May 19, U.S. District Court Judge Andrew Hanen reprimanded Department of Justice (DOJ) lawyers for their unsavory conduct in intentionally misleading the court throughout an immigration case filed by Texas and 25 other states challenging the Obama administration's deportation amnesty policy.
Read More“One Person, One Vote” is the ideal that there should be equality of population among the voting districts so that the vote of one citizen is roughly equal to any other citizen of the state.
Read MoreCould the number of employees who must be paid overtime increase dramatically as a result of new regulations issued by the Department of Labor? The answer is undoubtedly yes…
Read MoreThe Sixth Amendment of the United States Constitution states, “In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial. . .”[1] This clause protects against delays between the time an individual is indicted (or charged) and the beginning of the criminal trial.
Read MoreIn the estate planning context, defective can be ideal. Selling property to an intentionally defective grantor trust (“IDGT”) has become one of the most popular estate planning methods available for transferring substantial wealth to heirs while avoiding the estate tax.
Read MoreContinuing the recent scrutiny into the IRS and the IRS’s secretive and questionable practices, IRS Chief Commissioner John Koskinen is now facing a possible impeachment—again.
Read MoreIn short, the Terry Doctrine allows police officers to stop individuals if they have reasonable suspicion that the individual has committed or is committing a crime, notably without a warrant.
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