Nine Questions Regarding Choice of Business Entity
In recent years, North Carolina has revamped its corporations, partnerships and limited partnerships statutes and added a statute...
Landmark Marriage Equality Case Could Simplify Tax Filing for Same-Sex Spouses
Yesterday, the Supreme Court heard oral arguments in Obergefell v. Hodges, a case involving four state-wide bans on same-sex marriage....
IRA Distributions Includible in Gross Income
A taxpayer’s honorable conduct has no bearing on the taxable status of retirement account payments In Morris v. Commissioner, T.C. Memo....
Achieving a Better Life Experience (ABLE) Act and Special Needs Trusts
Achieving a Better Life Experience (ABLE) Act and Special Needs Trusts Comparison The ABLE act: A new way for clients with disabled...
Federal Estate Tax: Basics and 2015 Update
What is the Federal Estate Tax? The Federal Estate Tax is a tax on your right to transfer property at your death. It consists of an...
North Carolina S Corporation: Advantages and Disadvantages
An "S Corporation" is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code. As a legal entity, the S...
North Carolina Business Entities
The state of North Carolina allows for several different forms of business. The choice of a business entity affects liability, taxation,...
Asset Purchase vs. Stock Purchase: Some Advantages & Disadvantages
Early in the process of buying or selling an existing business, both Buyer and Seller must come to an agreement about how the transaction...
Important Deadline Looming For Time-Sensitive Tax Breaks and Filing Deferrals
[source: checkpoint newsstand, april 21, 2015, thompson reuters] Apr. 30, 2015, is an important deadline for some businesses,...
Home Office Deduction: Tax Break for Those Who Work from Home
Does having your own office in your home appeal to you? Ever think of wearing your old grubbies while you work at home? If those thoughts...
