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Posted in IRS on January 19, 2024
Getting an IRS bill can always be stressful, especially if it is unexpected. However, it’s important to know that just because the IRS has sent you an amount of tax liability that you owe does not always mean that you have to pay it. By working with a Las Vegas tax litigation attorney, you can… (Keep reading)
Posted in IRS on January 5, 2024
An ITIN, or Individual Taxpayer Identification Number, is a number issued by the Internal Revenue Service (IRS) for tax processing purposes. It is given to individuals who are required to have a taxpayer identification number in the United States but are not eligible to obtain a Social Security number (SSN) from the Social Security Administration… (Keep reading)
What Does It Mean If a Company Is in Litigation?
Posted in asset protection on December 28, 2023
Companies enter litigation when they are in dispute with another party. These disputes may come from an external source, or the company may bring litigation against another entity. Regardless of the nature of the case, any company anticipating going through litigation needs to have an experienced Nevada business litigation attorney on retainer to assist them… (Keep reading)
Why Is Business Litigation Important?
Posted in asset protection on December 18, 2023
Business owners should always know the importance of having an attorney to help them through a legal issue they may be facing. Whether you are a small, family-owned business or a corporation with many branches, having legal representation can protect your company and its future. A Nevada business litigation lawyer can advocate for you and… (Keep reading)
What Is the Difference Between Corporate Law and Business Law?
Posted in entity formation on November 28, 2023
It’s a common misconception that corporate and business laws are interchangeable, but the reality is that both are separate entities that include their own regulations. While it may appear that business and corporate laws address all types of businesses, they only cover specific entities and don’t cross over. A Las Vegas business lawyer can provide… (Keep reading)
Understanding a Conflict of Interest with the Successor Trustee in Nevada
Posted in asset protection,estate planning on October 24, 2023
In a trust, the successor trustee, or the person who will take over the estate of a loved one when they pass, is also considered a beneficiary or someone who will inherit assets due to the trust. When the successor trustee is given certain responsibilities to the trust, yet they have their own self-interests they’d… (Keep reading)
Examination Rate on Large Partnerships
Posted in IRS,tax planning on October 20, 2023
The Internal Revenue Service plans to increase its examination rate on large partnerships by 2025 also on employee stock ownership plans (ESOPs).
Lifetime Estate and Gift Tax Exemption
Posted in estate planning,tax planning on October 20, 2023
It is expected that the lifetime estate and gift tax exemption will be around $5 million after 2025. For deaths occurring in 2023, the exemption amount is $12,920,000. Therefore, if anyone wants to make significant gifts, it is advisable to do so before 2025 ends.
