by Leslie Marenco | Mar 25, 2016 | Articles, Income Tax, IRAs / 401(k), IRS
Did you know there are many steps that you can take to save money via your employment? Some of these strategies work by allowing you to pay for things with pre-tax money, which could up to 40% (depending on your tax bracket) right back into your pocket. Others...
by Leslie Marenco | Dec 31, 2015 | Articles, Celebrity Estates, Estate Tax, High Net Worth, Income Tax, Trusts
Mark Zuckerberg has already changed the world we live in by giving us Facebook. Now he wants to change the world for future generations, too. He and his wife, Dr. Priscilla Chan, recently announced that they would give 99 percent of their Facebook shares, worth more...
by Leslie Marenco | Jul 6, 2015 | Articles, Income Tax, IRS, Real Property / Real Estate
When a foreign person sells U.S. real estate, he or she is subject to having 10% of the gross sales price withheld from the proceeds received at closing. This is a requirement under the Foreign Investment in Real Property Tax Act, known as FIRPTA. This 10% withholding...
by Leslie Marenco | Jun 5, 2015 | Articles, Celebrity Estates, Income Tax, IRS
Al Capone, head of the most profitable crime syndicate of the Prohibition Era and mastermind of the notorious 1929 “Valentine’s Day Massacre,” seemed above the law. In the end, however, Capone would be brought to justice not for murder, extortion,...
by Leslie Marenco | May 15, 2015 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, Kids Protection Planning, Trusts
The shock over the death of 47-year-old SurveyMonkey CEO Dave Goldberg, husband of Facebook COO Sheryl Sandberg and the father of two small children, continues to resonate for many reasons. First, he was so young, how could this happen? Second, they are so rich, how...
by Leslie Marenco | Apr 10, 2015 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, IRS
The recession made many parents and grandparents into personal bankers, making loans to strapped children or grandchildren to help them cope with unemployment or other financial misfortune. However, family loans need to be prepared properly to avoid tax...
