Tax Planning Issues

Death and Taxes

As Benjamin Franklin once said, “Nothing is certain but death and taxes” so it makes sense to discuss how these two issues are intertwined with each other.

Estate Tax Portability

Sharing is Caring – Elect Portability

George Steinbrenner, the former Yankees owner, was in the news in 2010 when he died during a period of time when the estate tax was repealed, but the rest of us will likely not be as lucky (bad word choice?) as the estate tax appears to be around for the foreseeable future.

Single Member LLC Tax Planning

Single Member Limited Liability Companies – Tax Issues

I commonly meet taxpayers who are the sole owners of their businesses who wish to incorporate or form a limited liability company (LLC) for legal purposes but may not understand that their decision may have unintended tax consequences or result in other unanticipated costs.

Delaware Corporate Tax Planning

Tax Issues Related to the Personal Residence

When we think about our personal residence, we probably do not give much thought to the tax impact associated with it. If we do think about the tax aspect, our focus probably is on the savings related to the mortgage interest and real estate tax deductions.