As our Head of Product Taxes, Diana advises all areas of the business on product tax issues. From a product point of view she supports on our pensions, annuities and ISAs, while also looking more broadly at the tax implications of a wide range of payments, processes and reporting requirement...
In today's episode of Shopify Masters, you’ll learn from a trio of entrepreneurs who bootstrapped their way to a $9 million business thanks in large part to their corporate gifting strategy.
So I know in this case, we can’t go back in time, but because mom gifted that money five and a half years ago, that money is free and clear from Medicaid. So if she were to go into a nursing home, then everything she gifted would be protected from that nursing home or Medicaid...
One way to reduce tax liability is through gifting using the annual exclusion for gifts, which currently remains at $15,000. This exclusion covers gifts made to an individual recipient in a tax year, allowing a taxpayer to make multiple gifts amounting to $15,000 without incurring taxes or u...
“Schemes like this areillegal because they're inherently harmful.” Here's another reason to avoid this scheme. You could be charged with tax fraud. ... In 2013, a federal jury found two Connecticut women guilty of tax fraud for running a gifting circle and not paying taxes on their gai...
From the Estate Planning and Probate Group Many individuals know that lifetime gifts to children and other loved ones can reduce or eliminate estate taxes otherwise due upon death. Yet many are not aware of the options to leverage their gifts to produce
That is one reason why the land records division of a county does not provide form deeds. A real estate attorney can determine if the description of the land and covenants related to it is complete. An estates and trusts attorney can tell the grantor what taxes the grantor and the grantee...
Take advantage of the discount for lack of control and discount for lack of marketability, plus the annual donee exclusion, with your spouse to save sizable estate and gift taxes. How Wipfli can help Right now, you have the opportunity to transfer part of your family wealth when business valu...
Taxes The life estate grantor is eligible to receive Virginia homestead exemptions, senior citizen exemptions and any other tax exemption that existed at the time of the time of the deed transfer. The life estate grantor is also responsible for paying all property taxes while residing on the prop...
“[W]e are going to be a bridge from crypto currency communities and supporters into the local brick and mortar businesses that make our cities unique. The businesses that employ most of our friends and family members. The businesses that pay into our local taxes, schools and support our ...