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...
Believe it or not, there is a tax credit for small (really small) businesses that pay for employee health insurance premiums. It can be claimed for years 2010 forward and for 2014 and 2015. This credit was enacted as part of the Affordable Care Act tax provisions...
The 2010 U.S. Census reported the highest number in decennial census history for the 65 and older portion of the population. Coming in at a record high 40,267,984 or 13% of the U.S. population, the baby boomers are making their mark on history. In 2011, Alabama alone...
