What Is It? STAR ID is a program approved by Congress geared to help fight terrorism and reduce fraud throughout the country by improving the security of state-issued driver licenses and identification cards through their authentication and issuance procedure...
The Good. Up until last year the home office deduction was derived by applying a time consuming formula. It required the home owner/business owner to make calculations as to the percentage of the home that the office takes up and then allocate the cost of utilities,...
The answer is: when the taxpayer is represented by counsel. Well perhaps there is a little more to the answer than that, but it is a good starting point. The Eighth Circuit Court of Appeals recently reversed a U. S. Tax Court decision in which the taxpayer was found...
In the State of the Union Address, President Obama announced plans to create a new “myRA” retirement account to help low and middle income taxpayers, with household incomes below $191,000, who do not have access to employer-sponsored retirement plans, to start...
Many high net worth families commonly use Credit Shelter Trusts or B Trusts to commit a certain amount of assets, designated by a formula or otherwise, to be placed in a Trust so that the assets are not included in the taxable estate of the surviving spouse. While...
Elder Law and COVID-19
