15th Sep 2014

One of the most complex areas of tax law is the issue of passive income and passive losses vs. active income and active losses.  There isn’t enough coffee or Red Bull in the world to not fall asleep trying to … more

11th Sep 2014

The answer to that is when you know or suspect a problem.  Do not wait for the IRS or state tax authority to come knocking.  Address it head on by seeking professional advice as soon as possible. Take the illustrative … more

8th Sep 2014

Many years ago when estates larger than $650,000 could be subject to Federal estate taxes, everyone and their uncle had an irrevocable life insurance trust (ILIT).  For those of you not familiar with the ILIT, it is an irrevocable trust … more

25th Aug 2014

The Treasury Inspector General for Tax Administration (TIGTA) recently put out a press release regarding telephone scammers that claim to be calling from the IRS.  TIGTA has received 90,000 complaints of telephone scams and has confirmed that 1,100 taxpayers have … more