The Latest
New Supreme Court Ruling: Estate Tax and Buy-Out Life Insurance for Business Owners
The Supreme Court's ruling in Connelly v. United States affects how life insurance proceeds are valued for estate tax purposes in corporate buy-out structures. Learn how this decision may impact your business’s estate planning and life insurance strategies.
Understanding Gift Tax: Key Components for Effective Financial Planning
Understanding gift tax is crucial for effective financial planning. This blog explains the 2024 tax-free gift limit, including annual and lifetime exclusions, as well as who pays the gift tax. A Woods Fuller tax law attorney can guide you through these complexities, ensuring your gift-giving strategy remains tax-efficient and aligns with your overall financial goals.
Selecting an Entity Type When Starting a Business
Selecting the correct business entity is vital for entrepreneurs, impacting legal structure, liability, taxes, and flexibility. This guide compares partnerships, corporations, S corporations, and LLCs, helping you choose based on your business goals and vision.
Electronic vs Handwritten Signatures - Making the Right Choice for Your Documents
The choice between electronic and handwritten signatures can be a critical decision for businesses. Find out if that convenience is worth the hassle.
The Gift Tax - A Special Kind of Exemption
With the holiday season comes the time of gift giving. What does the IRS consider a gift and are there exemptions?
