The Olmstead case recently decided by the Florida Supreme Court is cause for concern about liability protection afforded by single-member limited liability companies (LLC). In a very surprising decision, the Court ruled that a judgment creditor could… Read More

Required Minimum Distributions resume in 2010 – Although Congress suspended the requirement that Required Minimum Distributions (RMD) be made in 2009 as a result of the economy, it does not appear that Congress will continue this benefit for 2010 a… Read More

Once again, our friends in Washington D.C., in their infinite wisdom, have created a real mess by not acting in a timely manner. Most experts felt that Congress would act before the end of 2009 to deal with the Federal Estate Tax law and expiring tax… Read More

As hard as it may be to believe, tax time is fast approaching. The following are some year-end tax planning ideas which may help reduce your 2009 tax bill or assist with financial and tax planning for you and your family: 1. The homebuyer tax credit… Read More

As part of the extension of unemployment benefits, Congress passed (and the President is expected to sign into law today, November 6) a wide ranging bill that includes provisions to extend and expand the homebuyers’ tax credit and also expands a st… Read More

Are you looking for a new source of venture capital to start a new business? The IRS, through a private letter ruling, has approved the use of retirement plan benefits to fund a new business start up. Let’s assume that you have retirement benefits… Read More

Do you and your family have appropriate estate plans? A will or revocable living trust are the cornerstones on which family members and loved ones build financial security after your death. Additionally, Durable Powers of Attorney and Patient Advocat… Read More

A recent Tax Court decision held that investors in certain businesses could deduct losses associated with those businesses against salary and investment income. This decision goes against a long-standing position taken by the IRS that such losses cou… Read More