by Lee Chen | May 31, 2016 | Estate Planning, Law
Anyone with a basic understanding of estate planning knows that one of the primary benefits of having a living trust is to avoid probate. Nevertheless, unless you are an attorney or have been personally involved in a probate proceeding in the past, few people have an...
by Kevin Kennedy | May 24, 2016 | Tax Planning
As the list of Democratic and Republican presidential candidates has been reduced to three, Donald, Hillary, and Bernie Sanders, many of our clients have wondered, how will a change in the Oval Office affect their tax return for 2017 and beyond? Setting aside all of...
by Lee Chen | May 10, 2016 | Business planning, Real Estate
We are frequently asked by clients whether their plans to buy and sell real estate will subject them to status as a “dealer” in real estate, and therefore subject their profits to ordinary income treatment and self-employment tax. In general, the sale of real estate...
by Kevin Kennedy | May 3, 2016 | Business planning, Retirement Planning, Small Business, Tax Planning
Not that long ago, a Roth retirement account did not exist. However, for many individuals today, a Roth account is the preferred retirement investment vehicle, particularly for self-directed retirement account owners. The reason why a ROTH tends to gain favor is...